ING Groep (NYSE:ING) Cut to “Equal Weight” at Morgan Stanley

Morgan Stanley downgraded shares of ING Groep (NYSE:ING) from an overweight rating to an equal weight rating in a report issued on Tuesday morning, MarketBeat.com reports.

ING has been the topic of a number of other reports. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

ING Groep Stock Performance

Shares of NYSE:ING opened at $15.27 on Tuesday. The business’s fifty day moving average price is $16.84 and its two-hundred day moving average price is $17.38. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The stock has a market capitalization of $53.42 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 5.97 and a beta of 1.52. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13.

Institutional Trading of ING Groep

Several large investors have recently made changes to their positions in ING. Fortitude Family Office LLC bought a new stake in shares of ING Groep during the third quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of ING Groep during the second quarter valued at $31,000. Rothschild Investment LLC acquired a new position in shares of ING Groep during the second quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of ING Groep during the second quarter valued at $38,000. Finally, Mather Group LLC. lifted its stake in shares of ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 782 shares during the period. Institutional investors own 4.49% of the company’s stock.

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.