Scotia Capital Inc. Purchases 3,524 Shares of ING Groep (NYSE:ING)

Scotia Capital Inc. lifted its position in shares of ING Groep (NYSE:INGFree Report) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,941 shares of the financial services provider’s stock after purchasing an additional 3,524 shares during the quarter. Scotia Capital Inc.’s holdings in ING Groep were worth $2,965,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Street Markets LLC boosted its position in shares of ING Groep by 570.3% during the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,711 shares in the last quarter. NBC Securities Inc. bought a new position in shares of ING Groep during the third quarter worth $43,000. Smithfield Trust Co boosted its position in shares of ING Groep by 59.9% during the second quarter. Smithfield Trust Co now owns 5,559 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 2,082 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of ING Groep by 122.6% during the third quarter. Paradigm Asset Management Co. LLC now owns 6,900 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 3,800 shares in the last quarter. Finally, CWM LLC boosted its position in shares of ING Groep by 11.8% during the second quarter. CWM LLC now owns 7,201 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 761 shares in the last quarter. 4.41% of the stock is owned by institutional investors.

ING Groep Trading Up 1.9 %

Shares of NYSE:ING opened at $14.64 on Friday. ING Groep has a 12 month low of $11.00 and a 12 month high of $15.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.41. The company’s fifty day simple moving average is $13.87 and its 200 day simple moving average is $13.81. The firm has a market cap of $54.56 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 2.52 and a beta of 1.56.

ING Groep (NYSE:INGGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). ING Groep had a return on equity of 13.44% and a net margin of 32.29%. The company had revenue of $5.82 billion for the quarter, compared to analyst estimates of $6.15 billion. As a group, research analysts forecast that ING Groep will post 1.94 EPS for the current fiscal year.

About ING Groep

(Free Report)

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

See Also

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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