ING Groep (NYSE:ING) Stock Holdings Increased by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its stake in shares of ING Groep (NYSE:ING) by 42.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,427 shares of the financial services provider’s stock after purchasing an additional 15,547 shares during the quarter. Zions Bancorporation N.A.’s holdings in ING Groep were worth $952,000 as of its most recent filing with the Securities and Exchange Commission.

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

ING Groep Price Performance

ING opened at $15.49 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a twelve month low of $12.77 and a twelve month high of $18.72. The company has a market capitalization of $54.17 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 5.99 and a beta of 1.52. The firm has a 50-day moving average price of $17.41 and a 200-day moving average price of $17.48.

Analysts Set New Price Targets

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

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.