ING Groep (ING) Upgraded to Hold at Zacks Investment Research

ING Groep (NYSE:ING) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

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. “

Separately, ValuEngine lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.00.

ING stock opened at $14.06 on Tuesday. ING Groep has a 12 month low of $13.18 and a 12 month high of $20.58. The company has a market cap of $53.74 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.30 and a beta of 1.23. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.29.

Large investors have recently modified their holdings of the stock. AMG National Trust Bank lifted its position in shares of ING Groep by 2.6% in the 2nd quarter. AMG National Trust Bank now owns 193,963 shares of the financial services provider’s stock valued at $2,778,000 after acquiring an additional 4,861 shares in the last quarter. Northern Trust Corp lifted its position in shares of ING Groep by 2.2% in the 1st quarter. Northern Trust Corp now owns 4,428,122 shares of the financial services provider’s stock valued at $74,968,000 after acquiring an additional 95,214 shares in the last quarter. Advisor Partners LLC lifted its position in shares of ING Groep by 36.0% in the 2nd quarter. Advisor Partners LLC now owns 15,656 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 4,145 shares in the last quarter. Schafer Cullen Capital Management Inc. lifted its position in shares of ING Groep by 1.0% in the 1st quarter. Schafer Cullen Capital Management Inc. now owns 4,893,803 shares of the financial services provider’s stock valued at $82,852,000 after acquiring an additional 46,620 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of ING Groep by 13.6% in the 1st quarter. Eagle Asset Management Inc. now owns 42,234 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 5,043 shares in the last quarter. Institutional investors and hedge funds own 3.54% 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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