89,222 Shares in ING Groep (NYSE:ING) Acquired by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC purchased a new position in ING Groep (NYSE:INGFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 89,222 shares of the financial services provider’s stock, valued at approximately $1,176,000.

Other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC increased its stake in ING Groep by 3.3% in the 2nd quarter. Fisher Asset Management LLC now owns 56,889,150 shares of the financial services provider’s stock valued at $766,297,000 after buying an additional 1,792,923 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of ING Groep in the second quarter worth $154,730,000. Goldman Sachs Group Inc. raised its holdings in shares of ING Groep by 7.6% during the second quarter. Goldman Sachs Group Inc. now owns 8,620,142 shares of the financial services provider’s stock worth $116,113,000 after acquiring an additional 608,473 shares in the last quarter. Morgan Stanley boosted its position in ING Groep by 9.3% during the fourth quarter. Morgan Stanley now owns 7,294,815 shares of the financial services provider’s stock valued at $88,778,000 after purchasing an additional 619,542 shares during the last quarter. Finally, Aristotle Capital Management LLC grew its stake in ING Groep by 2.6% in the second quarter. Aristotle Capital Management LLC now owns 7,137,885 shares of the financial services provider’s stock valued at $96,147,000 after purchasing an additional 181,642 shares in the last quarter. 4.41% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Up 1.2 %

ING opened at $13.21 on Tuesday. The company has a market capitalization of $49.23 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 2.08 and a beta of 1.60. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.11 and a quick ratio of 1.11. ING Groep has a fifty-two week low of $11.00 and a fifty-two week high of $15.22. The business has a 50-day moving average of $14.27 and a 200-day moving average of $13.89.

ING Groep Company Profile

(Free Report)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

See Also

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

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