First Hawaiian Bank Takes Position in ING Groep NV (ING)

First Hawaiian Bank acquired a new position in shares of ING Groep NV (NYSE:ING) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,203 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fisher Asset Management LLC lifted its stake in shares of ING Groep by 4.0% during the second quarter. Fisher Asset Management LLC now owns 43,296,870 shares of the financial services provider’s stock worth $620,011,000 after purchasing an additional 1,679,519 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of ING Groep by 5.7% during the second quarter. Bank of America Corp DE now owns 10,242,046 shares of the financial services provider’s stock worth $146,666,000 after purchasing an additional 555,940 shares in the last quarter. Morgan Stanley lifted its stake in shares of ING Groep by 0.6% during the second quarter. Morgan Stanley now owns 6,716,829 shares of the financial services provider’s stock worth $96,185,000 after purchasing an additional 38,482 shares in the last quarter. Northern Trust Corp increased its position in shares of ING Groep by 7.6% during the second quarter. Northern Trust Corp now owns 4,765,105 shares of the financial services provider’s stock worth $68,237,000 after acquiring an additional 336,983 shares during the last quarter. Finally, Todd Asset Management LLC increased its position in shares of ING Groep by 2.4% during the second quarter. Todd Asset Management LLC now owns 1,279,241 shares of the financial services provider’s stock worth $18,318,000 after acquiring an additional 30,009 shares during the last quarter. Institutional investors own 3.51% of the company’s stock.

ING has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered ING Groep from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. Zacks Investment Research raised ING Groep from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, ValuEngine lowered ING Groep from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. ING Groep presently has a consensus rating of “Hold” and an average target price of $21.00.



Shares of NYSE ING opened at $11.81 on Thursday. ING Groep NV has a 1 year low of $11.47 and a 1 year high of $20.58. The stock has a market cap of $45.35 billion, a PE ratio of 8.20 and a beta of 1.27. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.12 and a current ratio of 1.12.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, August 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 10.28% and a net margin of 28.47%. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.06 billion. Equities research analysts anticipate that ING Groep NV will post 1.5 earnings per share for the current year.

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.

Further Reading: How to Invest in Marijuana Stocks

Want to see what other hedge funds are holding ING? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ING Groep NV (NYSE:ING).

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.

Leave a Reply