Sanctuary Advisors LLC Buys 11,074 Shares of ING Groep (NYSE:ING)

Sanctuary Advisors LLC raised its stake in ING Groep (NYSE:ING) by 12.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 103,478 shares of the financial services provider’s stock after purchasing an additional 11,074 shares during the quarter. Sanctuary Advisors LLC’s holdings in ING Groep were worth $1,879,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in ING Groep by 706.1% during the 2nd quarter. Blue Trust Inc. now owns 4,788 shares of the financial services provider’s stock valued at $79,000 after buying an additional 4,194 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of ING Groep by 2.6% during the second 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 during the last quarter. &PARTNERS raised its stake in shares of ING Groep by 78.7% during the second quarter. &PARTNERS now owns 19,760 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 8,700 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of ING Groep by 150.1% during the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock worth $10,267,000 after purchasing an additional 359,535 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of ING Groep by 82.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 21,213 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 9,562 shares during the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

ING Groep stock opened at $15.09 on Thursday. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The stock’s 50 day simple moving average is $16.17 and its two-hundred day simple moving average is $17.16. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $52.79 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 6.07 and a beta of 1.48.

Wall Street Analysts Forecast Growth

ING has been the subject of a number of recent analyst reports. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Citigroup raised shares of 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.