UBS reissued their buy rating on shares of ING Groep (NYSE:ING) in a report released on Monday morning, www.boersen-zeitung.de reports.
ING has been the topic of several other reports. ValuEngine upgraded shares of ING Groep from a buy rating to a strong-buy rating in a research report on Tuesday, August 22nd. Goldman Sachs Group upgraded shares of ING Groep from a neutral rating to a buy rating in a research report on Wednesday, September 6th. Deutsche Bank restated a buy rating on shares of ING Groep in a research report on Thursday, October 12th. Finally, Zacks Investment Research cut shares of ING Groep from a buy rating to a hold rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $17.50.
ING Groep (ING) opened at $18.31 on Monday. ING Groep has a 1-year low of $13.63 and a 1-year high of $19.01. The company has a market cap of $71,469.70, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05.
A number of institutional investors have recently bought and sold shares of ING. Arrowstreet Capital Limited Partnership raised its position in ING Groep by 161.3% in the 2nd 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 during the period. Fisher Asset Management LLC grew its stake in ING Groep by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 38,178,130 shares of the financial services provider’s stock worth $703,241,000 after acquiring an additional 2,168,788 shares in the last quarter. Wells Fargo & Company MN grew its stake in ING Groep by 155.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,858,329 shares of the financial services provider’s stock worth $49,706,000 after acquiring an additional 1,737,235 shares in the last quarter. Chevy Chase Trust Holdings Inc. bought a new position in ING Groep in the 3rd quarter worth about $22,685,000. Finally, Assetmark Inc. grew its stake in ING Groep by 5,421.5% in the 3rd quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock worth $13,109,000 after acquiring an additional 698,776 shares in the last quarter. 2.97% of the stock is currently owned by institutional investors.
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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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