ING Group, N.V. (NYSE:ING)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Thursday.

Several other brokerages have also issued reports on ING. ValuEngine raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. UBS AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. BidaskClub raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Goldman Sachs Group, Inc. (The) raised ING Group, N.V. from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $15.00.

ING Group, N.V. (ING) opened at 18.67 on Thursday. ING Group, N.V. has a one year low of $12.08 and a one year high of $18.94. The company has a market cap of $72.51 billion, a price-to-earnings ratio of 12.21 and a beta of 1.13. The company has a 50-day moving average of $18.09 and a 200-day moving average of $17.26.

ILLEGAL ACTIVITY NOTICE: This article was published by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was illegally stolen and republished in violation of international copyright and trademark laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/12/ing-group-n-v-ing-receives-buy-rating-from-deutsche-bank-ag.html.

A number of institutional investors and hedge funds have recently modified their holdings of ING. Ameriprise Financial Inc. boosted its stake in ING Group, N.V. by 12.0% in the first quarter. Ameriprise Financial Inc. now owns 133,049 shares of the financial services provider’s stock worth $2,007,000 after buying an additional 14,288 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in ING Group, N.V. by 3.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,865 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 508 shares during the last quarter. Stifel Financial Corp lifted its position in ING Group, N.V. by 1.8% in the first quarter. Stifel Financial Corp now owns 104,115 shares of the financial services provider’s stock valued at $1,573,000 after purchasing an additional 1,853 shares during the last quarter. SG Americas Securities LLC bought a new stake in ING Group, N.V. in the first quarter valued at approximately $410,000. Finally, Neuberger Berman Group LLC lifted its position in ING Group, N.V. by 23.2% in the first quarter. Neuberger Berman Group LLC now owns 86,827 shares of the financial services provider’s stock valued at $1,310,000 after purchasing an additional 16,323 shares during the last quarter. 2.86% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for ING Group N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Group N.V. and related companies with MarketBeat.com's FREE daily email newsletter.