A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada raised shares of ING Groep NV from a sector perform rating to an outperform rating in a report on Friday. JPMorgan Chase & Co. reaffirmed a buy rating on shares of ING Groep NV in a report on Tuesday, September 6th. Zacks Investment Research raised shares of ING Groep NV from a sell rating to a buy rating and set a $14.00 price objective for the company in a report on Tuesday, August 30th. TheStreet raised shares of ING Groep NV from a sell rating to a hold rating in a report on Thursday, July 7th. Finally, Macquarie raised shares of ING Groep NV from an underperform rating to a neutral rating in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. ING Groep NV presently has an average rating of Buy and a consensus price target of $13.63.
Shares of ING Groep NV (NYSE:ING) traded down 1.176% on Friday, hitting $12.185. 617,114 shares of the stock traded hands. The firm has a market cap of $47.23 billion, a P/E ratio of 9.655 and a beta of 1.77. The firm’s 50-day moving average is $12.18 and its 200 day moving average is $11.81. ING Groep NV has a 12-month low of $9.26 and a 12-month high of $14.96.
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in ING Groep NV by 436.5% in the first quarter. Renaissance Technologies LLC now owns 2,602,910 shares of the company’s stock worth $31,053,000 after buying an additional 2,117,700 shares during the last quarter. Fiera Capital Corp bought a new stake in ING Groep NV during the second quarter worth about $4,674,000. Fisher Asset Management LLC bought a new stake in ING Groep NV during the second quarter worth about $4,163,000. Rock Point Advisors LLC boosted its stake in ING Groep NV by 126.0% in the second quarter. Rock Point Advisors LLC now owns 616,529 shares of the company’s stock worth $6,369,000 after buying an additional 343,703 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its stake in ING Groep NV by 511.8% in the second quarter. OLD Mission Capital LLC now owns 400,937 shares of the company’s stock worth $4,142,000 after buying an additional 335,407 shares during the last quarter. Institutional investors own 1.83% of the company’s stock.
About ING Groep NV
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 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 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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