ING Groep (NYSE:ING) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC lifted its stake in ING Groep (NYSE:ING) by 85.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,468 shares of the financial services provider’s stock after acquiring an additional 16,310 shares during the quarter. Virtu Financial LLC’s holdings in ING Groep were worth $644,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ING. Blue Trust Inc. raised its position in ING Groep by 706.1% in the second quarter. Blue Trust Inc. now owns 4,788 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 4,194 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in shares of ING Groep by 31.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 92,805 shares of the financial services provider’s stock valued at $1,591,000 after buying an additional 21,961 shares during the period. Summit Global Investments lifted its stake in ING Groep by 273.4% during the 2nd quarter. Summit Global Investments now owns 55,671 shares of the financial services provider’s stock worth $954,000 after acquiring an additional 40,763 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in ING Groep by 6.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 13,167 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 740 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in ING Groep by 2.6% in the 2nd quarter. Fifth Third Bancorp now owns 72,760 shares of the financial services provider’s stock valued at $1,247,000 after acquiring an additional 1,860 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Performance

Shares of ING opened at $15.53 on Friday. The stock has a 50-day simple moving average of $16.30 and a 200-day simple moving average of $17.21. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. The stock has a market capitalization of $54.33 billion, a PE ratio of 6.96, a PEG ratio of 6.07 and a beta of 1.48.

Wall Street Analyst Weigh In

ING has been the topic of several research reports. Morgan Stanley cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.