Brown Brothers Harriman & Co. Purchases New Shares in ING Groep (NYSE:ING)

Brown Brothers Harriman & Co. acquired a new position in shares of ING Groep (NYSE:ING) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,005 shares of the financial services provider’s stock, valued at approximately $91,000.

Other hedge funds also recently bought and sold shares of the company. Beverly Hills Private Wealth LLC grew its position in ING Groep by 4.7% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 602 shares in the last quarter. Checchi Capital Advisers LLC lifted its position in shares of ING Groep by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 637 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of ING Groep by 1.2% during the second quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock worth $922,000 after purchasing an additional 640 shares during the period. Valeo Financial Advisors LLC grew its position in ING Groep by 6.5% during the third quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 684 shares in the last quarter. Finally, Wedmont Private Capital increased its stake in ING Groep by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after buying an additional 688 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Trading Up 1.1 %

ING Groep stock opened at $15.27 on Friday. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company’s fifty day moving average price is $16.84 and its two-hundred day moving average price is $17.38. The company has a market capitalization of $53.42 billion, a price-to-earnings ratio of 6.85, a PEG 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ING. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd.

ING Groep Company 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.