Caprock Group LLC Purchases 4,519 Shares of ING Groep (NYSE:ING)

Caprock Group LLC boosted its position in shares of ING Groep (NYSE:ING) by 4.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 97,105 shares of the financial services provider’s stock after acquiring an additional 4,519 shares during the quarter. Caprock Group LLC’s holdings in ING Groep were worth $1,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in ING Groep by 17.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock worth $27,962,000 after purchasing an additional 257,440 shares in the last quarter. American Century Companies Inc. raised its holdings 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 worth $19,275,000 after purchasing an additional 60,908 shares in the last quarter. Raymond James & Associates raised its holdings in ING Groep by 49.7% in the 3rd quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after purchasing an additional 263,904 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in 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 purchasing an additional 21,263 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

ING Groep Stock Performance

Shares of ING stock opened at $15.70 on Thursday. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company’s 50-day moving average is $17.20 and its 200 day moving average is $17.46. The company has a market capitalization of $54.90 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 6.13 and a beta of 1.52. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13.

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.