ING Groep NV (NYSE:ING) Given Consensus Recommendation of “Hold” by Brokerages

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Shares of ING Groep NV (NYSE:ING) have been given an average rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $11.15.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded ING Groep from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays began coverage on ING Groep in a report on Friday, June 14th. They issued an “underweight” rating and a $11.15 target price on the stock. ValuEngine raised ING Groep from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised ING Groep from a “neutral” rating to an “overweight” rating in a report on Wednesday, June 5th. Finally, BNP Paribas downgraded ING Groep from an “outperform” rating to a “neutral” rating in a report on Friday, August 2nd.

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in ING Groep by 48.9% in the fourth quarter. Geode Capital Management LLC now owns 34,137 shares of the financial services provider’s stock valued at $363,000 after buying an additional 11,214 shares in the last quarter. Millennium Management LLC lifted its stake in ING Groep by 18.8% in the fourth quarter. Millennium Management LLC now owns 51,854 shares of the financial services provider’s stock valued at $553,000 after buying an additional 8,206 shares in the last quarter. BB&T Corp lifted its stake in ING Groep by 37.5% in the first quarter. BB&T Corp now owns 36,331 shares of the financial services provider’s stock valued at $441,000 after buying an additional 9,915 shares in the last quarter. Brinker Capital Inc. raised its holdings in shares of ING Groep by 62.4% in the first quarter. Brinker Capital Inc. now owns 64,543 shares of the financial services provider’s stock valued at $784,000 after purchasing an additional 24,793 shares during the last quarter. Finally, Advisor Partners LLC raised its holdings in shares of ING Groep by 4.8% in the first quarter. Advisor Partners LLC now owns 19,328 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 892 shares during the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ING traded down $0.06 during mid-day trading on Wednesday, hitting $9.33. 358,978 shares of the stock traded hands, compared to its average volume of 4,107,877. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.13 and a current ratio of 0.96. ING Groep has a 52 week low of $9.22 and a 52 week high of $14.08. The company has a market cap of $36.11 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 3.27 and a beta of 1.29. The stock has a fifty day moving average price of $10.52 and a 200-day moving average price of $11.68.

About ING Groep

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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Analyst Recommendations for ING Groep (NYSE:ING)

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