MQS Management LLC Has $273,000 Stock Position in ING Groep (NYSE:ING)

MQS Management LLC lessened its stake in shares of ING Groep (NYSE:ING) by 34.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,046 shares of the financial services provider’s stock after selling 7,976 shares during the period. MQS Management LLC’s holdings in ING Groep were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings in shares of 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 acquiring an additional 62,801 shares during the period. Verdence Capital Advisors LLC grew its position in ING Groep by 2.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 51,547 shares of the financial services provider’s stock worth $936,000 after purchasing an additional 1,105 shares in the last quarter. Blue Square Asset Management LLC raised its stake in ING Groep by 2.4% during the 3rd quarter. Blue Square Asset Management LLC now owns 124,961 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 2,959 shares during the period. Lincluden Management Ltd. lifted its holdings in shares of ING Groep by 0.8% in the third quarter. Lincluden Management Ltd. now owns 314,117 shares of the financial services provider’s stock valued at $5,704,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of ING Groep by 5.3% in the third quarter. Diversify Wealth Management LLC now owns 38,651 shares of the financial services provider’s stock worth $647,000 after buying an additional 1,956 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 0.7 %

ING Groep stock opened at $15.49 on Friday. The company has a quick ratio of 1.13, a current 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. The company’s fifty day simple moving average is $17.41 and its 200-day simple moving average is $17.48. The stock has a market cap of $54.17 billion, a P/E ratio of 6.94, a P/E/G ratio of 6.12 and a beta of 1.52.

Analyst Ratings Changes

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

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.