Shares of ING Groep NV (NYSE:ING) have received an average recommendation of “Hold” from the ten analysts that are covering the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of ING Groep NV from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th. Royal Bank Of Canada raised shares of ING Groep NV from a “sector perform” rating to an “outperform” rating in a report on Friday, September 23rd. RBC Capital Markets raised shares of ING Groep NV from a “sector perform” rating to an “outperform” rating in a report on Friday, September 23rd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ING Groep NV in a report on Tuesday, September 6th.

ING Groep NV (NYSE:ING) opened at 13.70 on Tuesday. The firm has a 50-day moving average of $12.94 and a 200 day moving average of $11.96. The company has a market capitalization of $53.12 billion, a P/E ratio of 10.40 and a beta of 1.55. ING Groep NV has a one year low of $9.26 and a one year high of $14.41.

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in shares of 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 period. Founders Financial Securities LLC purchased a new stake in shares of ING Groep NV during the second quarter worth about $661,000. Fisher Asset Management LLC purchased a new stake in shares of ING Groep NV during the second quarter worth about $4,163,000. Private Bank & Trust Co. boosted its stake in shares of ING Groep NV by 27.6% in the second quarter. Private Bank & Trust Co. now owns 24,570 shares of the company’s stock worth $254,000 after buying an additional 5,322 shares during the period. Finally, Highland Capital Management LLC boosted its stake in shares of ING Groep NV by 5.6% in the second quarter. Highland Capital Management LLC now owns 91,756 shares of the company’s stock worth $948,000 after buying an additional 4,900 shares during the period. 1.83% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:ING

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