Morgan Stanley Downgrades ING Groep (NYSE:ING) to Equal Weight

ING Groep (NYSE:ING) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Tuesday,Briefing.com Automated Import reports.

ING has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

ING Groep Stock Up 0.4 %

Shares of ING Groep stock opened at $15.34 on Tuesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. The firm’s 50-day moving average is $17.03 and its two-hundred day moving average is $17.42. The stock has a market cap of $53.66 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 5.95 and a beta of 1.52.

Institutional Trading of ING Groep

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC boosted its stake in ING Groep by 172.6% in the 1st quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock worth $1,284,000 after purchasing an additional 49,307 shares in the last quarter. Creative Planning boosted its stake in ING Groep by 18.4% in the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock worth $3,589,000 after purchasing an additional 32,534 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after purchasing an additional 62,801 shares in the last quarter. Natixis Advisors LLC boosted its stake in ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. Finally, Boston Partners purchased a new position in ING Groep during the 1st quarter worth approximately $2,125,000. 4.49% of the stock is currently owned by institutional investors and hedge funds.

About ING Groep

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.