Sequoia Financial Advisors LLC Boosts Stock Holdings in ING Group, N.V. (NYSE:ING)

Sequoia Financial Advisors LLC lifted its holdings in shares of ING Group, N.V. (NYSE:ING - Free Report) by 38.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 55,864 shares of the financial services provider's stock after purchasing an additional 15,402 shares during the period. Sequoia Financial Advisors LLC's holdings in ING Group were worth $1,094,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ING. IFP Advisors Inc raised its holdings in shares of ING Group by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 621 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in ING Group by 18.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider's stock valued at $1,442,000 after purchasing an additional 14,476 shares during the period. US Bancorp DE lifted its holdings in shares of ING Group by 1.5% in the fourth quarter. US Bancorp DE now owns 170,021 shares of the financial services provider's stock worth $2,664,000 after buying an additional 2,513 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of ING Group by 77.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 22,544 shares of the financial services provider's stock valued at $353,000 after purchasing an additional 9,819 shares during the last quarter. Finally, Bailard Inc. grew its holdings in ING Group by 2.7% during the 4th quarter. Bailard Inc. now owns 35,478 shares of the financial services provider's stock valued at $556,000 after buying an additional 935 shares in the last quarter. 4.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ING shares. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. The Goldman Sachs Group upgraded ING Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

ING Group Stock Up 0.6%

ING stock traded up $0.15 during midday trading on Friday, hitting $22.51. The company's stock had a trading volume of 1,455,183 shares, compared to its average volume of 2,318,814. The firm has a market capitalization of $78.73 billion, a P/E ratio of 10.67, a PEG ratio of 2.14 and a beta of 1.11. The firm has a 50-day simple moving average of $20.94 and a 200-day simple moving average of $18.73. ING Group, N.V. has a 52-week low of $15.09 and a 52-week high of $22.52. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.86.

ING Group (NYSE:ING - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. ING Group had a return on equity of 11.68% and a net margin of 27.70%. As a group, equities analysts forecast that ING Group, N.V. will post 2.14 EPS for the current year.

ING Group 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.