Public Employees Retirement System of Ohio Takes $9.92 Million Position in ING Groep (NYSE:ING)

Public Employees Retirement System of Ohio acquired a new position in ING Groep (NYSE:INGFree Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 546,483 shares of the financial services provider’s stock, valued at approximately $9,924,000.

A number of other hedge funds also recently added to or reduced their stakes in ING. Creative Planning raised its holdings in shares of ING Groep by 18.4% in the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after purchasing an additional 32,534 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in ING Groep by 30.8% during the third quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock valued at $4,849,000 after buying an additional 62,801 shares during the period. Massachusetts Financial Services Co. MA bought a new position in ING Groep in the third quarter worth approximately $2,428,000. Natixis Advisors LLC lifted its holdings in ING Groep by 71.3% during the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after buying an additional 1,376,713 shares during the period. Finally, Cerity Partners LLC boosted its position in ING Groep by 51.7% during the 3rd quarter. Cerity Partners LLC now owns 263,445 shares of the financial services provider’s stock valued at $4,784,000 after acquiring an additional 89,793 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Stock Down 0.5 %

ING Groep stock opened at $15.78 on Thursday. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The business has a fifty day moving average price of $16.42 and a 200-day moving average price of $17.25. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $55.18 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 6.09 and a beta of 1.48.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ING shares. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th.

Read Our Latest Stock Report on ING

About ING Groep

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Groep (NYSE:INGFree Report).

Institutional Ownership by Quarter for ING Groep (NYSE:ING)

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.