Eagle Asset Management Inc. Has $587,000 Holdings in ING Groep (NYSE:ING)

Eagle Asset Management Inc. raised its position in shares of ING Groep (NYSE:ING) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,339 shares of the financial services provider’s stock after buying an additional 2,763 shares during the period. Eagle Asset Management Inc.’s holdings in ING Groep were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ING. Natixis Advisors LLC increased its holdings in ING Groep by 71.3% during the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after purchasing an additional 1,376,713 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of ING Groep in the third quarter valued at $7,972,000. Bank of New York Mellon Corp raised its holdings in shares of ING Groep by 150.1% in the second quarter. Bank of New York Mellon Corp now owns 599,012 shares of the financial services provider’s stock valued at $10,267,000 after buying an additional 359,535 shares during the last quarter. Benson Investment Management Company Inc. acquired a new position in ING Groep during the 3rd quarter worth about $5,204,000. Finally, Acadian Asset Management LLC bought a new stake in ING Groep during the 2nd quarter worth about $4,626,000. Institutional investors own 4.49% of the company’s stock.

ING Groep Stock Performance

ING Groep stock opened at $15.34 on Tuesday. The company has a market cap of $53.66 billion, a PE ratio of 6.88, a PEG ratio of 5.95 and a beta of 1.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. The company’s 50-day moving average is $17.03 and its two-hundred day moving average is $17.42.

Wall Street Analysts Forecast Growth

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

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.