ING Group, N.V. (NYSE:ING) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “ING GROEP-ADR is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. ING can fully deliver what today’s clients expect: unlimited access, maximum convenience, immediate and accurate execution, personal advice, tailor-made solutions and competitive rates. “

Other research analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) raised shares of ING Group, N.V. from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. ValuEngine raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. BidaskClub raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Deutsche Bank AG reissued a “buy” rating on shares of ING Group, N.V. in a research report on Thursday, October 12th. Finally, UBS Group AG (USA) reissued a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, September 5th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. ING Group, N.V. has a consensus rating of “Buy” and a consensus target price of $15.00.

ING Group, N.V. (NYSE:ING) traded down $0.22 during trading hours on Friday, reaching $18.28. 1,630,000 shares of the company were exchanged, compared to its average volume of 2,120,000. ING Group, N.V. has a 52 week low of $13.03 and a 52 week high of $19.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.05. The company has a market cap of $71,350.00, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.75 and a beta of 1.22.

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Institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC grew its position in shares of 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 buying an additional 389 shares during the period. Krilogy Financial LLC purchased a new stake in shares of ING Group, N.V. in the 2nd quarter worth about $127,000. Oppenheimer & Co. Inc. purchased a new stake in shares of ING Group, N.V. in the 1st quarter worth about $166,000. MAI Capital Management purchased a new stake in shares of ING Group, N.V. in the 2nd quarter worth about $178,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of ING Group, N.V. in the 2nd quarter worth about $243,000. 2.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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