Coldstream Capital Management Inc. Buys 3,340 Shares of ING Groep (NYSE:ING)

Coldstream Capital Management Inc. boosted its position in shares of ING Groep (NYSE:ING) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,641 shares of the financial services provider’s stock after acquiring an additional 3,340 shares during the period. Coldstream Capital Management Inc.’s holdings in ING Groep were worth $357,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in shares of ING Groep during the 3rd quarter worth about $25,000. Summit Securities Group LLC bought a new stake in ING Groep in the second quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in ING Groep in the second quarter worth about $31,000. Mather Group LLC. lifted its stake in ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 782 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in ING Groep during the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 1.6 %

Shares of ING opened at $15.53 on Monday. The company has a market capitalization of $54.33 billion, a P/E ratio of 6.96, a PEG ratio of 6.07 and a beta of 1.48. ING Groep has a one year low of $12.77 and a one year high of $18.72. The business’s 50 day simple moving average is $16.30 and its 200-day simple moving average is $17.21. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Citigroup upgraded ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

ING Groep Profile

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.