Natixis Advisors LLC Has $60.05 Million Stock Position in ING Groep (NYSE:ING)

Natixis Advisors LLC lifted its holdings in shares of ING Groep (NYSE:ING) by 71.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,306,798 shares of the financial services provider’s stock after purchasing an additional 1,376,713 shares during the period. Natixis Advisors LLC’s holdings in ING Groep were worth $60,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of ING Groep by 17.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock valued at $27,962,000 after purchasing an additional 257,440 shares in the last quarter. American Century Companies Inc. raised its position in ING Groep by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock valued at $19,275,000 after buying an additional 60,908 shares during the last quarter. Raymond James & Associates lifted its stake in ING Groep by 49.7% during the 3rd quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock valued at $14,431,000 after acquiring an additional 263,904 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of ING Groep by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 642,621 shares of the financial services provider’s stock worth $10,597,000 after acquiring an additional 21,263 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of ING Groep by 150.1% in the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock valued at $10,267,000 after purchasing an additional 359,535 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

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

ING Groep Price Performance

ING Groep stock opened at $15.74 on Friday. The firm has a market capitalization of $55.06 billion, a P/E ratio of 7.06, a PEG ratio of 6.13 and a beta of 1.52. ING Groep has a one year low of $12.77 and a one 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 business has a fifty day moving average price of $17.32 and a 200-day moving average price of $17.48.

ING Groep 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.