Jarislowsky Fraser Ltd lessened its stake in shares of ING Group, N.V. (NYSE:ING) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 202,968 shares of the financial services provider’s stock after selling 28,104 shares during the period. Jarislowsky Fraser Ltd’s holdings in ING Group, N.V. were worth $3,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wedbush Securities Inc. raised its holdings in ING Group, N.V. by 0.7% during the 2nd quarter. Wedbush Securities Inc. now owns 17,586 shares of the financial services provider’s stock worth $306,000 after buying an additional 117 shares during the period. ETRADE Capital Management LLC raised its holdings in ING Group, N.V. by 1.0% during the 2nd quarter. ETRADE Capital Management LLC now owns 19,279 shares of the financial services provider’s stock worth $335,000 after buying an additional 198 shares during the period. Quadrant Capital Group LLC raised its holdings in ING Group, N.V. by 5.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after buying an additional 389 shares during the period. Pinnacle Associates Ltd. raised its holdings in ING Group, N.V. by 1.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 46,656 shares of the financial services provider’s stock worth $811,000 after buying an additional 500 shares during the period. Finally, Financial Counselors Inc. increased its holdings in shares of ING Group, N.V. by 3.0% in the 2nd quarter. Financial Counselors Inc. now owns 22,396 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 642 shares during the period. Hedge funds and other institutional investors own 2.95% of the company’s stock.

ING Group, N.V. (NYSE:ING) opened at $18.16 on Tuesday. The firm has a market capitalization of $70,616.55, a PE ratio of 12.14, a PEG ratio of 2.32 and a beta of 1.22. ING Group, N.V. has a twelve month low of $13.16 and a twelve month high of $19.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.05.

A number of brokerages have recently weighed in on ING. Zacks Investment Research downgraded ING Group, N.V. from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) upgraded ING Group, N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. UBS AG reiterated a “buy” rating on shares of ING Group, N.V. in a report on Tuesday, September 5th. Finally, ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.00.

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About ING Group, N.V.

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 Group, N.V. (NYSE:ING)

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