Pzena Investment Management LLC Sells 3,878 Shares of ING Groep (NYSE:ING)

Pzena Investment Management LLC decreased its position in shares of ING Groep (NYSE:ING) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,932 shares of the financial services provider’s stock after selling 3,878 shares during the period. Pzena Investment Management LLC’s holdings in ING Groep were worth $907,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Natixis Advisors LLC grew its position in shares of ING Groep by 71.3% during the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of ING Groep by 17.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock valued at $27,962,000 after buying an additional 257,440 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of ING Groep by 5.7% in the second quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock worth $19,275,000 after buying an additional 60,908 shares in the last quarter. Raymond James & Associates boosted its position in shares of ING Groep by 49.7% during the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after acquiring an additional 263,904 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in ING Groep by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 642,621 shares of the financial services provider’s stock valued at $10,597,000 after acquiring an additional 21,263 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

ING Groep Trading Down 0.7 %

ING opened at $15.70 on Thursday. The stock’s 50 day moving average price is $17.20 and its 200-day moving average price is $17.46. The stock has a market cap of $54.90 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 6.15 and a beta of 1.52. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a one year low of $12.77 and a one year high of $18.72.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ING shares. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

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.