ING Groep NV (NYSE:ING) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in ING Groep NV (NYSE:ING) by 282.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,925 shares of the financial services provider’s stock after acquiring an additional 6,593 shares during the quarter. Parallel Advisors LLC’s holdings in ING Groep were worth $93,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ING. Carroll Financial Associates Inc. grew its holdings in ING Groep by 40.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,088 shares in the last quarter. Centric Wealth Management acquired a new stake in shares of ING Groep in the second quarter worth $210,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of ING Groep in the second quarter worth $514,000. Tlwm lifted its stake in shares of ING Groep by 44.4% in the second quarter. Tlwm now owns 42,093 shares of the financial services provider’s stock worth $488,000 after buying an additional 12,941 shares during the last quarter. Finally, OLD National Bancorp IN lifted its stake in shares of ING Groep by 34.3% in the second quarter. OLD National Bancorp IN now owns 58,265 shares of the financial services provider’s stock worth $675,000 after buying an additional 14,873 shares during the last quarter. 3.57% of the stock is owned by institutional investors and hedge funds.

ING Groep stock traded down $0.25 during trading hours on Wednesday, reaching $11.64. 78,549 shares of the company’s stock traded hands, compared to its average volume of 3,508,531. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep NV has a fifty-two week low of $9.22 and a fifty-two week high of $13.72. The firm has a market capitalization of $46.32 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 6.91 and a beta of 1.36. The firm’s 50 day moving average is $11.02 and its 200-day moving average is $10.98.

Several equities research analysts have issued reports on ING shares. Zacks Investment Research lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Exane BNP Paribas downgraded shares of ING Groep from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a research report on Monday, November 4th. Barclays upgraded shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, BNP Paribas downgraded shares of ING Groep from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.08.

ING Groep Company Profile

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.

Read More: Buy Rating

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

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.