Aristotle Capital Management LLC Purchases 181,642 Shares of ING Groep (NYSE:ING)

Aristotle Capital Management LLC grew its position in ING Groep (NYSE:ING – Free Report) by 2.6% in the second quarter, HoldingsChannel.com reports. The fund owned 7,137,885 shares of the financial services provider’s stock after buying an additional 181,642 shares during the quarter. Aristotle Capital Management LLC’s holdings in ING Groep were worth $96,147,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ING. Brown Brothers Harriman & Co. increased its stake in shares of ING Groep by 143.3% in the first quarter. Brown Brothers Harriman & Co. now owns 2,530 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,490 shares in the last quarter. Smithfield Trust Co bought a new position in ING Groep in the 1st quarter worth approximately $42,000. BOKF NA acquired a new position in ING Groep during the 1st quarter worth $52,000. IHT Wealth Management LLC acquired a new stake in shares of ING Groep in the 3rd quarter valued at $90,000. Finally, Tower Research Capital LLC TRC raised its position in shares of ING Groep by 782,300.0% during the first quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the financial services provider’s stock worth $93,000 after acquiring an additional 7,823 shares during the last quarter. Institutional investors own 4.41% of the company’s stock.

ING Groep Trading Up 1.6 %

Shares of ING traded up $0.23 on Wednesday, reaching $14.34. 724,444 shares of the company’s stock were exchanged, compared to its average volume of 3,377,354. The business has a 50 day moving average price of $13.33 and a two-hundred day moving average price of $13.61. ING Groep has a 12 month low of $11.00 and a 12 month high of $14.99. The stock has a market capitalization of $53.44 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.17 and a beta of 1.58. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.41.

ING Groep (NYSE:ING – Get Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. ING Groep had a return on equity of 12.41% and a net margin of 31.06%. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.11 billion. Research analysts anticipate that ING Groep will post 2.24 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on ING Groep in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

View Our Latest Stock Report on ING

ING Groep Profile

(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.

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