TD Private Client Wealth LLC Has $117,000 Holdings in ING Group, N.V. (NYSE:ING)

TD Private Client Wealth LLC lifted its position in shares of ING Group, N.V. (NYSE:ING) by 83.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,957 shares of the financial services provider’s stock after buying an additional 2,707 shares during the quarter. TD Private Client Wealth LLC’s holdings in ING Group were worth $117,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Northern Trust Corp grew its holdings in ING Group by 48.2% in the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider’s stock worth $65,205,000 after purchasing an additional 1,353,054 shares during the period. Raymond James Financial Inc. bought a new position in shares of ING Group in the fourth quarter valued at $14,375,000. Guardian Partners Inc. bought a new position in shares of ING Group in the fourth quarter valued at $11,730,000. Millennium Management LLC lifted its stake in shares of ING Group by 671.8% in the fourth quarter. Millennium Management LLC now owns 560,313 shares of the financial services provider’s stock valued at $8,780,000 after buying an additional 487,716 shares in the last quarter. Finally, Causeway Capital Management LLC lifted its stake in shares of ING Group by 38.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,491,567 shares of the financial services provider’s stock valued at $23,373,000 after buying an additional 416,762 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Stock Down 1.0%

ING Group stock opened at $22.75 on Friday. ING Group, N.V. has a 1-year low of $15.09 and a 1-year high of $23.25. The firm has a market capitalization of $79.58 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The firm’s fifty day moving average price is $21.32 and its two-hundred day moving average price is $19.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86.

ING Group (NYSE:ING) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). ING Group had a net margin of 27.70% and a return on equity of 11.68%. The firm had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $5.74 billion. On average, equities research analysts predict that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cfra Research raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised shares of ING Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ING Group 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.