ING Groep (NYSE:ING) Shares Gap Down – Should You Sell?

ING Groep (NYSE:ING) gapped down prior to trading on Friday . The stock had previously closed at $15.64, but opened at $15.10. ING Groep shares last traded at $15.24, with a volume of 476,235 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

ING Groep Price Performance

The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 6.09 and a beta of 1.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The business has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $17.43.

Institutional Investors Weigh In On ING Groep

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its position in shares of ING Groep by 172.6% during the first quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock worth $1,284,000 after acquiring an additional 49,307 shares during the last quarter. Creative Planning boosted its stake in ING Groep by 18.4% during the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after purchasing an additional 32,534 shares during the period. Crossmark Global Holdings Inc. grew its position in ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after purchasing an additional 62,801 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after purchasing an additional 1,376,713 shares during the period. Finally, Boston Partners bought a new stake in shares of ING Groep during the first quarter valued at approximately $2,125,000. 4.49% of the stock is owned by institutional investors and hedge funds.

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.