Prime Capital Investment Advisors LLC Cuts Stock Holdings in ING Groep (NYSE:ING)

Prime Capital Investment Advisors LLC lessened its holdings in ING Groep (NYSE:ING) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,458 shares of the financial services provider’s stock after selling 1,302 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ING Groep were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in shares of ING Groep by 14.0% in the 1st quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock valued at $10,804,000 after purchasing an additional 80,398 shares in the last quarter. Capital Research Global Investors increased its holdings in ING Groep by 51.2% in the first quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock valued at $3,360,000 after buying an additional 68,966 shares in the last quarter. Virtu Financial LLC lifted its position in shares of ING Groep by 172.6% during the 1st quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock valued at $1,284,000 after acquiring an additional 49,307 shares during the period. Creative Planning boosted its stake in shares of ING Groep by 18.4% during the 2nd quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock worth $3,589,000 after acquiring an additional 32,534 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of ING Groep by 30.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after acquiring an additional 62,801 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 0.7 %

Shares of NYSE:ING opened at $15.49 on Friday. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The stock’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $17.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a market cap of $54.17 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 6.12 and a beta of 1.52.

Analysts Set New Price Targets

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

ING Groep 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.