Janney Montgomery Scott LLC increased its holdings in shares of ING Groep NV (NYSE:ING) by 35.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,499 shares of the financial services provider’s stock after buying an additional 19,273 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ING Groep were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in shares of ING Groep by 5.9% during 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 in the last quarter. Zions Bancorporation grew its holdings in shares of ING Groep by 1,021.8% during 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 in the last quarter. Krilogy Financial LLC purchased a new position in shares of ING Groep during the second quarter valued at $127,000. Bank of Nova Scotia Trust Co. purchased a new position in shares of ING Groep during the third quarter valued at $156,000. Finally, MAI Capital Management purchased a new position in shares of ING Groep during the second quarter valued at $178,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

ING has been the topic of a number of research analyst reports. UBS reiterated a “buy” rating on shares of ING Groep in a report on Monday, December 11th. Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a report on Wednesday, December 6th. Zacks Investment Research upgraded ING Groep from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, December 5th. Deutsche Bank reissued a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Finally, ValuEngine raised ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. ING Groep currently has an average rating of “Buy” and a consensus target price of $17.50.

Shares of ING Groep NV (NYSE:ING) opened at $18.46 on Thursday. The stock has a market capitalization of $71,741.15, a price-to-earnings ratio of 12.33, a P/E/G ratio of 2.34 and a beta of 1.20. ING Groep NV has a 12-month low of $13.63 and a 12-month high of $19.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.05.

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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.

Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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