Zacks Investment Research upgraded shares of ING Groep (NYSE:ING) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

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. “

ING has been the subject of a number of other research reports. ValuEngine raised ING Groep from a strong sell rating to a sell rating in a research note on Thursday, August 1st. Exane BNP Paribas cut ING Groep from an outperform rating to a neutral rating in a research note on Friday, August 2nd. Barclays initiated coverage on ING Groep in a research note on Friday, June 14th. They issued an underweight rating and a $11.15 price objective for the company. JPMorgan Chase & Co. raised ING Groep from a neutral rating to an overweight rating in a research note on Wednesday, June 5th. Finally, BNP Paribas cut ING Groep from an outperform rating to a neutral rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $12.58.

Shares of ING Groep stock opened at $9.48 on Tuesday. 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 $14.03. The stock has a 50 day moving average price of $10.44 and a two-hundred day moving average price of $11.65. The stock has a market capitalization of $36.58 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 3.31 and a beta of 1.29.

Several hedge funds have recently bought and sold shares of the company. Advisor Partners LLC lifted 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ING Groep by 21.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,204 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 907 shares in the last quarter. KCS Wealth Advisory lifted its holdings in shares of ING Groep by 8.2% in the second quarter. KCS Wealth Advisory now owns 13,116 shares of the financial services provider’s stock valued at $152,000 after purchasing an additional 994 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of ING Groep by 85.6% in the first quarter. Enterprise Financial Services Corp now owns 2,287 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its holdings in shares of ING Groep by 33.7% in the first quarter. Cornerstone Advisors Inc. now owns 4,311 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,087 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.

ING Groep Company Profile

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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