ING Group, N.V. (NYSE:ING) has earned an average recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.00.

A number of equities analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) upgraded ING Group, N.V. from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. UBS AG reiterated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. BidaskClub upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th.

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Shares of ING Group, N.V. (ING) opened at 18.12 on Friday. The stock has a market cap of $70.38 billion, a PE ratio of 11.90 and a beta of 1.14. The company’s 50-day moving average price is $18.09 and its 200-day moving average price is $16.81. ING Group, N.V. has a 52-week low of $11.76 and a 52-week high of $18.94.

The business also recently announced a None dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were issued a dividend of $0.232 per share. This is a boost from ING Group, N.V.’s previous None dividend of $0.22. This represents a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, August 10th. ING Group, N.V.’s payout ratio is currently 47.29%.

Several institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC boosted its holdings in shares of ING Group, N.V. by 1,155.1% during the 2nd quarter. Fisher Asset Management LLC now owns 36,009,342 shares of the financial services provider’s stock worth $626,202,000 after purchasing an additional 33,140,211 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of ING Group, N.V. by 5.4% during the 1st quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock worth $121,313,000 after purchasing an additional 410,416 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of ING Group, N.V. by 161.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,592,428 shares of the financial services provider’s stock worth $132,032,000 after purchasing an additional 4,687,122 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its holdings in shares of ING Group, N.V. by 12.3% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 4,589,005 shares of the financial services provider’s stock worth $79,803,000 after purchasing an additional 504,416 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of ING Group, N.V. by 155.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,858,329 shares of the financial services provider’s stock worth $49,706,000 after purchasing an additional 1,737,235 shares during the last quarter. Institutional investors and hedge funds own 2.86% of the company’s stock.

ING Group, N.V. Company Profile

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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