ING Groep (ING) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of ING Groep (NYSE:ING) from a hold rating to a buy rating in a report issued on Friday. They currently have $20.00 price target on the financial services provider’s stock.
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 research analysts have also issued reports on the company. UBS reiterated a buy rating on shares of ING Groep in a research report on Monday, December 11th. Goldman Sachs Group reiterated a buy rating on shares of ING Groep in a research report on Wednesday, December 6th. ValuEngine upgraded ING Groep from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Finally, Deutsche Bank reiterated a buy rating on shares of ING Groep in a research report on Thursday, October 12th. Two 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 company. The stock currently has an average rating of Buy and a consensus price target of $17.50.
Several institutional investors have recently made changes to their positions in ING. Quadrant Capital Group LLC lifted its holdings in shares of ING Groep by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after buying an additional 389 shares during the period. Krilogy Financial LLC acquired a new stake in shares of ING Groep in the second quarter valued at $127,000. Zions Bancorporation lifted its holdings in shares of ING Groep by 1,021.8% in the third quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock valued at $129,000 after buying an additional 6,386 shares during the period. Bank of Nova Scotia Trust Co. acquired a new stake in shares of ING Groep in the third quarter valued at $156,000. Finally, MAI Capital Management acquired a new stake in shares of ING Groep in the second quarter valued at $178,000. Institutional investors and hedge funds 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.
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