JPMorgan Chase & Co. Has $49.32 Million Holdings in ING Groep NV (ING)

JPMorgan Chase & Co. reduced its position in shares of ING Groep NV (NYSE:ING) by 85.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,695,326 shares of the financial services provider’s stock after selling 16,066,647 shares during the period. JPMorgan Chase & Co. owned 0.07% of ING Groep worth $49,324,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ING. Quadrant Capital Group LLC boosted its stake in shares of ING Groep by 5.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 389 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of ING Groep during the 2nd quarter worth about $127,000. MAI Capital Management acquired a new stake in shares of ING Groep in the second quarter worth approximately $178,000. Diligent Investors LLC acquired a new stake in shares of ING Groep in the third quarter worth approximately $190,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of ING Groep in the third quarter worth approximately $190,000. 2.97% of the stock is currently owned by institutional investors.

ING Groep NV (NYSE ING) traded up $0.42 on Friday, hitting $18.55. 9,069,131 shares of the company traded hands, compared to its average volume of 2,583,551. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.09 and a quick ratio of 1.09. ING Groep NV has a twelve month low of $13.63 and a twelve month high of $19.01. The firm has a market capitalization of $70,306.32, a PE ratio of 12.09, a PEG ratio of 2.29 and a beta of 1.20.

Several equities research analysts recently issued reports on the stock. Goldman Sachs Group reissued a “buy” rating on shares of ING Groep in a research report on Wednesday. Zacks Investment Research raised shares of ING Groep from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Deutsche Bank reissued a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Finally, UBS reissued a “buy” rating on shares of ING Groep in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.50.

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ING Groep Profile

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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