Shares of ING Group, N.V. (NYSE:ING) have earned an average recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $15.00.

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

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in ING Group, N.V. by 5.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 389 shares in the last quarter. Krilogy Financial LLC purchased a new stake in ING Group, N.V. in the 2nd quarter worth $127,000. Oppenheimer & Co. Inc. purchased a new stake in ING Group, N.V. in the 1st quarter worth $166,000. Jacobi Capital Management LLC increased its holdings in ING Group, N.V. by 16.4% in the 1st quarter. Jacobi Capital Management LLC now owns 11,602 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 1,635 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in ING Group, N.V. in the 2nd quarter worth $178,000. 2.86% of the stock is owned by institutional investors.

Shares of ING Group, N.V. (NYSE:ING) opened at 18.67 on Thursday. The stock has a 50 day moving average of $18.09 and a 200-day moving average of $17.26. The stock has a market capitalization of $72.51 billion, a PE ratio of 12.21 and a beta of 1.13. ING Group, N.V. has a 52 week low of $12.08 and a 52 week high of $18.94.

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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