Trade Report: Today, ING Groep NV (ING) Stake Raised by Camelot Portfolios LLC

Today, ING Groep NV (ING) Stake Raised by Camelot Portfolios LLC

Camelot Portfolios LLC raised its stake in ING Groep NV (NYSE:ING) by 22.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,700 shares of the company’s stock after buying an additional 10,948 shares during the period. Camelot Portfolios LLC’s holdings in ING Groep NV were worth $724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ING. Founders Financial Securities LLC acquired a new position in shares of ING Groep NV during the second quarter valued at approximately $661,000. Fisher Asset Management LLC purchased a new stake in shares of ING Groep NV during the second quarter valued at about $4,163,000. Private Bank & Trust Co. raised its stake in shares of ING Groep NV by 27.6% in the second quarter. Private Bank & Trust Co. now owns 24,570 shares of the company’s stock valued at $254,000 after buying an additional 5,322 shares in the last quarter. Highland Capital Management LLC raised its stake in shares of ING Groep NV by 5.6% in the second quarter. Highland Capital Management LLC now owns 91,756 shares of the company’s stock valued at $948,000 after buying an additional 4,900 shares in the last quarter. Finally, Strategic Advisors LLC raised its stake in shares of ING Groep NV by 0.7% in the second quarter. Strategic Advisors LLC now owns 67,214 shares of the company’s stock valued at $1,731,000 after buying an additional 448 shares in the last quarter. 1.93% of the stock is owned by institutional investors.

Shares of ING Groep NV (NYSE:ING) opened at 13.50 on Friday. ING Groep NV has a 1-year low of $9.26 and a 1-year high of $14.35. The stock has a market cap of $52.34 billion, a price-to-earnings ratio of 10.42 and a beta of 1.55. The stock’s 50 day moving average price is $13.14 and its 200-day moving average price is $12.02.

Several analysts have issued reports on ING shares. Zacks Investment Research raised ING Groep NV from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, August 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ING Groep NV in a research note on Tuesday, September 6th. Royal Bank Of Canada raised ING Groep NV from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 23rd. Finally, RBC Capital Markets raised ING Groep NV from a “sector perform” rating to an “outperform” rating in a research note on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.63.

About ING Groep NV

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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