110,333 Shares in ING Groep (NYSE:ING) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ING Groep (NYSE:ING) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 110,333 shares of the financial services provider’s stock, valued at approximately $2,004,000.

Other large investors also recently added to or reduced their stakes in the company. Beverly Hills Private Wealth LLC grew its stake in shares of ING Groep by 4.7% during the second quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 602 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of ING Groep by 3.8% in the 2nd quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 637 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of ING Groep by 1.2% in the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 640 shares during the period. Valeo Financial Advisors LLC boosted its stake in ING Groep by 6.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 684 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in ING Groep by 6.6% during the third quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 688 shares during the period. 4.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

ING Groep Stock Performance

Shares of ING opened at $15.34 on Tuesday. The firm has a market cap of $53.66 billion, a P/E ratio of 6.88, a PEG ratio of 5.95 and a beta of 1.52. ING Groep has a twelve month low of $12.77 and a twelve month high of $18.72. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The firm’s 50 day moving average price is $17.03 and its two-hundred day moving average price is $17.42.

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.