Legacy Wealth Asset Management LLC Raises Stock Holdings in ING Groep (NYSE:ING)

Legacy Wealth Asset Management LLC raised its stake in ING Groep (NYSE:ING) by 4.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,534 shares of the financial services provider’s stock after purchasing an additional 2,143 shares during the period. Legacy Wealth Asset Management LLC’s holdings in ING Groep were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of ING Groep by 24.8% during the 3rd quarter. LPL Financial LLC now owns 274,444 shares of the financial services provider’s stock worth $3,617,000 after acquiring an additional 54,552 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of ING Groep by 101.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 384,667 shares of the financial services provider’s stock worth $5,070,000 after purchasing an additional 193,489 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in ING Groep during the 3rd quarter worth $294,000. Scotia Capital Inc. increased its position in ING Groep by 1.6% during the 3rd quarter. Scotia Capital Inc. now owns 224,941 shares of the financial services provider’s stock valued at $2,965,000 after buying an additional 3,524 shares in the last quarter. Finally, Ramirez Asset Management Inc. acquired a new stake in ING Groep in the third quarter worth about $1,866,000. 4.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.

ING Groep Stock Performance

Shares of ING opened at $17.77 on Friday. The stock has a 50-day moving average of $17.29 and a two-hundred day moving average of $15.66. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $62.16 billion, a P/E ratio of 7.86 and a beta of 1.54. ING Groep has a one year low of $12.44 and a one year high of $18.04.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 EPS for the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. The firm had revenue of $6.06 billion for the quarter. As a group, research analysts predict that ING Groep will post 2.01 EPS for the current year.

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.