Rehmann Capital Advisory Group Purchases 1,136 Shares of ING Groep (NYSE:ING)

Rehmann Capital Advisory Group grew its position in ING Groep (NYSE:ING) by 10.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,737 shares of the financial services provider’s stock after acquiring an additional 1,136 shares during the period. Rehmann Capital Advisory Group’s holdings in ING Groep were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Counselors Inc. grew its position in shares of ING Groep by 4.0% in the 1st quarter. Financial Counselors Inc. now owns 24,879 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 968 shares during the period. Resonant Capital Advisors LLC grew its position in shares of ING Groep by 14.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 12,053 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,514 shares during the period. Janney Montgomery Scott LLC grew its position in shares of ING Groep by 18.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 82,260 shares of the financial services provider’s stock valued at $1,356,000 after acquiring an additional 13,086 shares during the period. Diversify Advisory Services LLC bought a new position in shares of ING Groep in the 1st quarter valued at about $667,000. Finally, Norden Group LLC bought a new position in shares of ING Groep in the 1st quarter valued at about $514,000. Institutional investors own 4.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays raised shares of ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

ING Groep Stock Performance

Shares of ING stock traded up $0.20 during midday trading on Wednesday, hitting $18.09. 1,097,642 shares of the company were exchanged, compared to its average volume of 2,692,723. The firm has a market capitalization of $63.28 billion, a P/E ratio of 7.92 and a beta of 1.54. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50 day moving average price is $17.41 and its two-hundred day moving average price is $15.73. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.09.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. The business had revenue of $6.06 billion during the quarter. As a group, equities research analysts anticipate that ING Groep will post 2.01 earnings per share for the current year.

About ING Groep

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.