ING Groep (NYSE:ING) Shares Bought by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. grew its holdings in shares of ING Groep (NYSE:ING) by 58.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 92,208 shares of the financial services provider’s stock after acquiring an additional 34,000 shares during the quarter. ING Groep comprises approximately 0.4% of Galibier Capital Management Ltd.’s holdings, making the stock its 22nd largest position. Galibier Capital Management Ltd.’s holdings in ING Groep were worth $1,521,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ING. FMR LLC boosted its position in ING Groep by 10.2% during the 3rd quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock worth $67,393,000 after acquiring an additional 474,505 shares during the period. Acadian Asset Management LLC bought a new stake in shares of ING Groep in the 3rd quarter worth $800,000. LPL Financial LLC raised its stake in shares of ING Groep by 24.8% in the 3rd quarter. LPL Financial LLC now owns 274,444 shares of the financial services provider’s stock worth $3,617,000 after buying an additional 54,552 shares in the last quarter. Natixis Advisors L.P. raised its stake in shares of ING Groep by 1.1% in the 3rd quarter. Natixis Advisors L.P. now owns 1,027,756 shares of the financial services provider’s stock worth $13,546,000 after buying an additional 11,623 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of ING Groep by 8.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 151,672 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 11,932 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays raised ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.

ING Groep Price Performance

Shares of ING traded up $0.09 during midday trading on Friday, reaching $17.14. The stock had a trading volume of 1,736,783 shares, compared to its average volume of 1,818,245. The firm’s 50 day moving average price is $17.16 and its 200-day moving average price is $15.58. The company has a market capitalization of $59.96 billion, a P/E ratio of 7.59 and a beta of 1.54. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.12 and a quick ratio of 1.12. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.04.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $6.06 billion for the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. On average, analysts forecast that ING Groep will post 2.01 earnings per share for the current fiscal year.

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.