Hancock Whitney Corp Sells 1,990 Shares of ING Groep (NYSE:ING)

Hancock Whitney Corp trimmed its position in ING Groep (NYSE:ING) by 4.8% in the third quarter, HoldingsChannel reports. The firm owned 39,766 shares of the financial services provider’s stock after selling 1,990 shares during the quarter. Hancock Whitney Corp’s holdings in ING Groep were worth $722,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC increased its position in shares of ING Groep by 4.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 602 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of ING Groep by 3.8% during the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 637 shares during the last quarter. Pzena Investment Management LLC raised its stake in shares of ING Groep by 1.2% during the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock worth $922,000 after purchasing an additional 640 shares during the period. Valeo Financial Advisors LLC boosted its holdings in shares of ING Groep by 6.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock worth $204,000 after buying an additional 684 shares during the last quarter. Finally, Wedmont Private Capital grew its position in ING Groep by 6.6% during the third quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after buying an additional 688 shares during the period. Institutional investors own 4.49% of the company’s stock.

ING Groep Price Performance

ING opened at $15.10 on Wednesday. The firm has a 50-day moving average price of $16.97 and a 200-day moving average price of $17.41. ING Groep has a twelve month low of $12.77 and a twelve 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 company has a market capitalization of $52.82 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 5.95 and a beta of 1.52.

Analysts Set New Price Targets

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

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.