ING Groep (NYSE:ING) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in ING Groep (NYSE:ING) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,420 shares of the financial services provider’s stock after selling 1,067 shares during the period. Janney Montgomery Scott LLC’s holdings in ING Groep were worth $1,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ING. Fortitude Family Office LLC purchased a new position in shares of ING Groep in the 3rd quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of ING Groep during the second quarter worth about $31,000. Rothschild Investment LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ING Groep in the 2nd quarter valued at about $38,000. Finally, Mather Group LLC. boosted its position in shares of ING Groep by 57.3% in the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 782 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ING shares. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

ING Groep Stock Performance

Shares of ING stock opened at $15.49 on Friday. The stock’s 50-day moving average price is $17.41 and its 200 day moving average price is $17.48. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The stock has a market capitalization of $54.17 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 6.12 and a beta of 1.52. ING Groep has a 52-week low of $12.77 and a 52-week high of $18.72.

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.