ING Groep (NYSE:ING) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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 have also recently issued research reports about the company. UBS reaffirmed a “buy” rating on shares of ING Groep in a research note on Monday. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. ValuEngine raised ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Three equities 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. The stock currently has an average rating of “Buy” and a consensus target price of $17.50.

Shares of ING Groep (NYSE:ING) traded down $0.06 during mid-day trading on Thursday, reaching $18.25. The company had a trading volume of 1,581,378 shares, compared to its average volume of 3,456,544. ING Groep has a fifty-two week low of $13.63 and a fifty-two week high of $19.01. The company has a market capitalization of $72,260.00, a PE ratio of 12.29, a P/E/G ratio of 2.33 and a beta of 1.20. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.09 and a quick ratio of 1.09.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its holdings in shares of ING Groep by 9.7% during the third quarter. Parametric Portfolio Associates LLC now owns 2,974,651 shares of the financial services provider’s stock valued at $54,793,000 after purchasing an additional 262,142 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of ING Groep by 14.4% during the third quarter. Neuberger Berman Group LLC now owns 90,573 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 11,389 shares during the last quarter. Guardian Capital LP purchased a new stake in shares of ING Groep during the third quarter valued at $10,210,000. Janney Montgomery Scott LLC lifted its holdings in shares of ING Groep by 35.5% during the third quarter. Janney Montgomery Scott LLC now owns 73,499 shares of the financial services provider’s stock valued at $1,354,000 after purchasing an additional 19,273 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of ING Groep by 138.9% during the third quarter. Cubist Systematic Strategies LLC now owns 101,930 shares of the financial services provider’s stock valued at $1,878,000 after purchasing an additional 59,258 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.

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