MQS Management LLC Sells 7,976 Shares of ING Groep (NYSE:ING)

MQS Management LLC lowered its holdings in shares of ING Groep (NYSE:ING) by 34.6% during the third quarter, Holdings Channel reports. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fortitude Family Office LLC bought a new position in ING Groep during the third quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of ING Groep in the 2nd quarter valued at approximately $31,000. Rothschild Investment LLC acquired a new stake in ING Groep in the 2nd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in ING Groep during the second quarter worth approximately $38,000. Finally, Mather Group LLC. grew its holdings in ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 0.7 %

Shares of ING stock opened at $15.49 on Friday. ING Groep has a 12 month low of $12.77 and a 12 month high of $18.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a market cap of $54.17 billion, a PE ratio of 6.94, a price-to-earnings-growth ratio of 6.12 and a beta of 1.52. The stock has a 50 day moving average of $17.41 and a 200-day moving average of $17.48.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barclays cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a research 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.