ING Groep (NYSE:ING) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC reduced its holdings in shares of ING Groep (NYSE:ING) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,424,040 shares of the financial services provider’s stock after selling 70,914 shares during the quarter. Cambiar Investors LLC’s holdings in ING Groep were worth $25,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of ING. Wealth Enhancement Advisory Services LLC boosted its stake in shares of ING Groep by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 96,682 shares of the financial services provider’s stock valued at $1,594,000 after acquiring an additional 7,209 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of ING Groep by 5,319.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,651 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 11,436 shares during the last quarter. Norden Group LLC purchased a new stake in shares of ING Groep during the first quarter worth about $514,000. Diversify Advisory Services LLC acquired a new position in shares of ING Groep in the first quarter valued at approximately $667,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of ING Groep by 18.9% during the first quarter. Janney Montgomery Scott LLC now owns 82,260 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 13,086 shares during the period. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

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

ING Groep Price Performance

ING opened at $16.96 on Friday. ING Groep has a 1 year low of $12.44 and a 1 year high of $18.72. The company’s 50 day simple moving average is $17.69 and its 200 day simple moving average is $17.46. The stock has a market capitalization of $59.33 billion, a PE ratio of 7.61, a P/E/G ratio of 6.54 and a beta of 1.52. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The company had revenue of $6.15 billion during the quarter. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, sell-side analysts expect that ING Groep will post 2.06 EPS for the current year.

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.