ING Groep (NYSE:ING)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS in a report released on Monday, www.boersen-zeitung.de reports.

A number of other brokerages have also weighed in on ING. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. Zacks Investment Research raised shares of ING Groep from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, December 5th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.50.

Shares of ING Groep (ING) opened at $18.55 on Monday. The firm has a market cap of $71,935.04, a P/E ratio of 12.37, a PEG ratio of 2.34 and a beta of 1.20. ING Groep has a one year low of $13.63 and a one year 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.

A number of hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its stake in ING Groep by 6.0% during the third quarter. Fisher Asset Management LLC now owns 38,178,130 shares of the financial services provider’s stock valued at $703,241,000 after purchasing an additional 2,168,788 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ING Groep by 161.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 7,592,428 shares of the financial services provider’s stock valued at $132,032,000 after purchasing an additional 4,687,122 shares during the last quarter. Schafer Cullen Capital Management Inc. lifted its stake in ING Groep by 12.3% during the second quarter. Schafer Cullen Capital Management Inc. now owns 4,589,005 shares of the financial services provider’s stock valued at $79,803,000 after purchasing an additional 504,416 shares during the last quarter. Wells Fargo & Company MN lifted its stake in ING Groep by 4.4% during the third quarter. Wells Fargo & Company MN now owns 2,984,338 shares of the financial services provider’s stock valued at $54,971,000 after purchasing an additional 126,009 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in ING Groep by 10.1% during the second quarter. Parametric Portfolio Associates LLC now owns 2,755,772 shares of the financial services provider’s stock valued at $47,923,000 after purchasing an additional 252,043 shares during the last quarter. 2.97% of the stock is owned by institutional investors and hedge funds.

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ING Groep 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 Groep (NYSE:ING)

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