ING Groep (NYSE:ING) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. lessened its stake in ING Groep (NYSE:ING) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,787 shares of the financial services provider’s stock after selling 1,725 shares during the period. Hantz Financial Services Inc.’s holdings in ING Groep were worth $1,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ING. Price T Rowe Associates Inc. MD grew its stake in ING Groep by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 642,621 shares of the financial services provider’s stock worth $10,597,000 after buying an additional 21,263 shares during the last quarter. Atria Investments Inc grew its position in shares of ING Groep by 18.2% during the first quarter. Atria Investments Inc now owns 92,864 shares of the financial services provider’s stock worth $1,531,000 after acquiring an additional 14,287 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of ING Groep by 81.4% in the 1st quarter. Cetera Investment Advisers now owns 104,291 shares of the financial services provider’s stock valued at $1,720,000 after acquiring an additional 46,785 shares during the period. Cetera Advisors LLC purchased a new stake in ING Groep in the 1st quarter valued at $441,000. Finally, Boston Partners acquired a new stake in ING Groep during the 1st quarter worth $2,125,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

Shares of ING stock opened at $15.45 on Friday. The stock has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $17.36. The company has a market cap of $54.05 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 5.94 and a beta of 1.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72.

Analyst Upgrades and Downgrades

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

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.