ING Group, N.V. (NYSE:ING) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, June 20th. ValuEngine raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. HSBC Holdings plc cut shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC initiated coverage on shares of ING Group, N.V. in a research note on Wednesday, April 19th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. ING Group, N.V. currently has a consensus rating of “Buy” and a consensus target price of $17.00.

Shares of ING Group, N.V. (ING) traded up 0.22% during midday trading on Friday, reaching $17.83. 2,293,233 shares of the company traded hands. The company’s 50 day moving average is $16.96 and its 200-day moving average is $15.40. The stock has a market capitalization of $69.22 billion, a price-to-earnings ratio of 12.43 and a beta of 1.14. ING Group, N.V. has a 12 month low of $9.30 and a 12 month high of $17.89.

ING Group, N.V. (NYSE:ING) last announced its quarterly earnings results on Wednesday, May 10th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $4.68 billion for the quarter. ING Group, N.V. had a net margin of 25.61% and a return on equity of 10.47%. Equities research analysts forecast that ING Group, N.V. will post $0.90 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new stake in ING Group, N.V. during the fourth quarter worth about $660,000. Ladenburg Thalmann Financial Services Inc. raised its stake in ING Group, N.V. by 0.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,556 shares of the financial services provider’s stock worth $192,000 after buying an additional 99 shares in the last quarter. Lincluden Management Ltd. raised its stake in ING Group, N.V. by 15.5% in the fourth quarter. Lincluden Management Ltd. now owns 264,985 shares of the financial services provider’s stock worth $3,736,000 after buying an additional 35,512 shares in the last quarter. Orbis Allan Gray Ltd raised its stake in ING Group, N.V. by 1.3% in the fourth quarter. Orbis Allan Gray Ltd now owns 893,781 shares of the financial services provider’s stock worth $12,602,000 after buying an additional 11,530 shares in the last quarter. Finally, Atlas Brown Inc. purchased a new stake in ING Group, N.V. during the first quarter worth about $196,000. Institutional investors own 1.85% of the company’s stock.

About ING Group, N.V.

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 that 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 that 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.

Analyst Recommendations for ING Group, N.V. (NYSE:ING)

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