BKM Wealth Management LLC Purchases 8,282 Shares of ING Groep (NYSE:ING)

BKM Wealth Management LLC raised its stake in ING Groep (NYSE:ING) by 35.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,515 shares of the financial services provider’s stock after buying an additional 8,282 shares during the period. BKM Wealth Management LLC’s holdings in ING Groep were worth $520,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. increased its holdings in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 662 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of ING Groep by 5.9% in the fourth quarter. Contravisory Investment Management Inc. now owns 12,992 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 725 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of ING Groep by 24.5% in the fourth quarter. NBC Securities Inc. now owns 4,093 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 805 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in ING Groep by 5.0% during the fourth quarter. Personal CFO Solutions LLC now owns 17,861 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 848 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in ING Groep by 17.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,927 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 883 shares during the period. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Up 2.6 %

Shares of ING stock traded up $0.44 during trading hours on Monday, hitting $17.58. 1,515,781 shares of the company’s stock traded hands, compared to its average volume of 2,749,275. The stock’s fifty day simple moving average is $17.16 and its two-hundred day simple moving average is $15.60. ING Groep has a 12-month low of $12.44 and a 12-month high of $18.04. The stock has a market cap of $61.50 billion, a price-to-earnings ratio of 7.81 and a beta of 1.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.68.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. The company had revenue of $6.06 billion during the quarter. On average, analysts expect that ING Groep will post 2.01 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays upgraded ING Groep from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 7th.

ING Groep 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.