ING Group (ING) Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its holdings in shares of ING Group (NYSE:ING) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 308,557 shares of the financial services provider’s stock after purchasing an additional 44,850 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ING Group were worth $5,224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Global Advisors LLC raised its holdings in ING Group by 0.5% in the 4th quarter. Eagle Global Advisors LLC now owns 625,813 shares of the financial services provider’s stock valued at $11,553,000 after acquiring an additional 2,825 shares in the last quarter. CIBC World Markets Inc. raised its holdings in ING Group by 17.7% in the 4th quarter. CIBC World Markets Inc. now owns 19,609 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 2,950 shares in the last quarter. Edge Advisors LLC raised its holdings in ING Group by 1.1% in the 4th quarter. Edge Advisors LLC now owns 323,070 shares of the financial services provider’s stock valued at $5,963,000 after acquiring an additional 3,628 shares in the last quarter. Neuberger Berman Group LLC raised its holdings in ING Group by 4.3% in the 1st quarter. Neuberger Berman Group LLC now owns 91,339 shares of the financial services provider’s stock valued at $1,546,000 after acquiring an additional 3,756 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in ING Group by 10.7% in the 4th quarter. ETRADE Capital Management LLC now owns 42,454 shares of the financial services provider’s stock valued at $784,000 after acquiring an additional 4,120 shares in the last quarter. 3.62% of the stock is owned by hedge funds and other institutional investors.

ING Group stock opened at $15.60 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $61.43 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.51 and a beta of 1.34. ING Group has a 12 month low of $15.51 and a 12 month high of $20.58.

ING has been the subject of several recent research reports. Zacks Investment Research cut ING Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. ValuEngine raised ING Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Finally, UBS reaffirmed a “buy” rating on shares of ING Group in a report on Tuesday, April 24th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $18.00.

About ING Group

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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

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