US Bancorp DE Decreases Stock Position in ING Groep (NYSE:ING)

US Bancorp DE reduced its position in ING Groep (NYSE:ING) by 31.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,508 shares of the financial services provider’s stock after selling 77,338 shares during the quarter. US Bancorp DE’s holdings in ING Groep were worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Beverly Hills Private Wealth LLC increased its position in ING Groep by 4.7% in the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after buying an additional 602 shares during the last quarter. Gallacher Capital Management LLC grew its position in shares of ING Groep by 2.8% in the first quarter. Gallacher Capital Management LLC now owns 21,892 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 604 shares in the last quarter. Checchi Capital Advisers LLC grew its position in shares of ING Groep by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 637 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of ING Groep by 1.2% in the second quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after purchasing an additional 640 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of ING Groep by 6.5% in the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 684 shares in the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

ING Groep Price Performance

Shares of NYSE ING opened at $17.01 on Wednesday. The firm has a market capitalization of $59.50 billion, a P/E ratio of 7.63, a P/E/G ratio of 6.60 and a beta of 1.52. The company has a quick ratio of 1.12, a current ratio of 0.95 and a debt-to-equity ratio of 2.54. The stock’s 50-day simple moving average is $17.65 and its two-hundred day simple moving average is $17.50. ING Groep has a twelve month low of $12.77 and a twelve month high of $18.72.

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.