Sequoia Financial Advisors LLC Acquires 15,402 Shares of ING Group, N.V. (NYSE:ING)

Sequoia Financial Advisors LLC raised its stake in ING Group, N.V. (NYSE:ING - Free Report) by 38.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,864 shares of the financial services provider's stock after acquiring an additional 15,402 shares during the quarter. Sequoia Financial Advisors LLC's holdings in ING Group were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in ING. Northern Trust Corp boosted its holdings in shares of ING Group by 48.2% in the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after acquiring an additional 1,353,054 shares during the period. Raymond James Financial Inc. purchased a new position in ING Group during the fourth quarter valued at approximately $14,375,000. Guardian Partners Inc. purchased a new stake in ING Group in the 4th quarter worth approximately $11,730,000. Millennium Management LLC boosted its holdings in ING Group by 671.8% in the 4th quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider's stock valued at $8,780,000 after purchasing an additional 487,716 shares during the period. Finally, Causeway Capital Management LLC boosted its stake in ING Group by 38.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider's stock valued at $23,373,000 after buying an additional 416,762 shares during the period. Hedge funds and other institutional investors own 4.49% of the company's stock.

ING Group Price Performance

ING stock traded up $0.15 during mid-day trading on Thursday, hitting $22.51. 1,452,645 shares of the stock were exchanged, compared to its average volume of 2,313,540. The business has a fifty day moving average price of $20.88 and a 200 day moving average price of $18.68. ING Group, N.V. has a 12 month low of $15.09 and a 12 month high of $22.75. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $78.73 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 2.09 and a beta of 1.11.

ING Group (NYSE:ING - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. ING Group had a net margin of 27.70% and a return on equity of 11.68%. On average, sell-side analysts anticipate that ING Group, N.V. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of ING Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Cfra Research raised shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

ING Group Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.