ING Groep (NYSE:ING) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and 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. “

A number of other analysts have also recently commented on ING. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Monday, December 11th. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Wednesday, December 6th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Two 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’s stock. ING Groep currently has a consensus rating of “Buy” and an average target price of $17.50.

Shares of ING Groep (NYSE ING) traded up $0.26 during trading on Friday, hitting $20.31. 2,331,399 shares of the company traded hands, compared to its average volume of 2,820,000. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05. ING Groep has a one year low of $13.63 and a one year high of $20.33. The company has a market capitalization of $77,660.00, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC boosted its position 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 acquiring an additional 2,168,788 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position 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 acquiring an additional 4,687,122 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its position 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 acquiring an additional 504,416 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of 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 period. Finally, Parametric Portfolio Associates LLC raised 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 period. 2.96% of the stock is currently owned by institutional investors and hedge funds.

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About ING Groep

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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