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

Virtu Financial LLC grew its stake in ING Groep (NYSE:ING) by 85.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 35,468 shares of the financial services provider’s stock after purchasing an additional 16,310 shares during the period. Virtu Financial LLC’s holdings in ING Groep were worth $644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Fortitude Family Office LLC acquired a new position in ING Groep in the third quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at about $31,000. Rothschild Investment LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at about $31,000. Mather Group LLC. grew its stake in ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after buying an additional 782 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in ING Groep during the 2nd quarter worth approximately $41,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ING Groep Price Performance

Shares of NYSE ING opened at $15.53 on Friday. The stock has a fifty day moving average price of $16.30 and a 200 day moving average price of $17.21. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $54.33 billion, a PE ratio of 6.96, a P/E/G ratio of 6.07 and a beta of 1.48.

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.