ING Groep (NYSE:ING) Shares Sold by Iowa State Bank

Iowa State Bank reduced its stake in shares of ING Groep (NYSE:ING) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,588 shares of the financial services provider’s stock after selling 4,000 shares during the period. Iowa State Bank’s holdings in ING Groep were worth $495,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in ING Groep during the third quarter worth $25,000. Mather Group LLC. raised its holdings in shares of 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 acquiring an additional 782 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of ING Groep during the 2nd quarter valued at about $41,000. Versant Capital Management Inc purchased a new stake in shares of ING Groep in the fourth quarter valued at about $45,000. Finally, Hexagon Capital Partners LLC increased its position in ING Groep by 22.3% during the third quarter. Hexagon Capital Partners LLC now owns 3,879 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 706 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Performance

NYSE:ING traded up $0.21 during trading hours on Monday, reaching $15.86. 1,581,579 shares of the company’s stock were exchanged, compared to its average volume of 1,864,837. The company has a 50-day moving average of $15.79 and a 200 day moving average of $17.01. 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 capitalization of $55.48 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 5.97 and a beta of 1.47. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lowered 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 report on Thursday, October 17th.

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.