ING Groep (ING) Stock Rating Reaffirmed by UBS

ING Groep (NYSE:ING)‘s stock had its “buy” rating reaffirmed by equities research analysts at UBS in a research note issued on Monday.

Several other research firms also recently commented on ING. Deutsche Bank restated a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Zacks Investment Research downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.50.

ING Groep (NYSE:ING) opened at $18.43 on Monday. The company has a market cap of $71,935.04, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 2.34 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. ING Groep has a 12 month low of $13.63 and a 12 month high of $19.01.

Several hedge funds have recently modified their holdings of ING. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 worth $132,032,000 after purchasing an additional 4,687,122 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of 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 worth $703,241,000 after purchasing an additional 2,168,788 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of ING Groep by 155.0% during the second quarter. Wells Fargo & Company MN now owns 2,858,329 shares of the financial services provider’s stock worth $49,706,000 after purchasing an additional 1,737,235 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of ING Groep during the third quarter worth $22,685,000. Finally, Assetmark Inc. grew its stake in shares of ING Groep by 5,421.5% during the third quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock worth $13,109,000 after purchasing an additional 698,776 shares in the last quarter. Hedge funds and other institutional investors own 2.97% of the company’s stock.

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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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