UBS AG reaffirmed their buy rating on shares of ING Group, N.V. (NYSE:ING) in a research note released on Tuesday, www.boersen-zeitung.de reports.

Several other analysts also recently commented on the company. ValuEngine upgraded ING Group, N.V. from a buy rating to a strong-buy rating in a research note on Tuesday, August 22nd. BidaskClub upgraded ING Group, N.V. from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Deutsche Bank AG reiterated a buy rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. HSBC Holdings plc downgraded ING Group, N.V. from a buy rating to a hold rating and set a $15.00 target price on the stock. in a research note on Wednesday, May 31st. Finally, Zacks Investment Research upgraded ING Group, N.V. from a sell rating to a hold rating and set a $19.00 target price on the stock in a research note on Tuesday, May 9th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. ING Group, N.V. currently has an average rating of Buy and an average target price of $17.00.

Shares of ING Group, N.V. (ING) opened at 17.71 on Tuesday. The company has a market capitalization of $68.79 billion, a price-to-earnings ratio of 11.88 and a beta of 1.14. The company’s 50-day moving average price is $18.12 and its 200-day moving average price is $16.66. ING Group, N.V. has a one year low of $11.76 and a one year high of $18.94.

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The company also recently declared a None dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were paid a $0.232 dividend. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. This represents a dividend yield of 3.05%. The ex-dividend date was Thursday, August 10th. ING Group, N.V.’s dividend payout ratio (DPR) is 47.29%.

Several hedge funds have recently added to or reduced their stakes in ING. Fisher Asset Management LLC boosted its stake in shares of ING Group, N.V. by 1,155.1% in the 2nd quarter. Fisher Asset Management LLC now owns 36,009,342 shares of the financial services provider’s stock worth $626,202,000 after buying an additional 33,140,211 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of ING Group, N.V. by 161.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,592,428 shares of the financial services provider’s stock worth $132,032,000 after buying an additional 4,687,122 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of ING Group, N.V. by 155.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,858,329 shares of the financial services provider’s stock worth $49,706,000 after buying an additional 1,737,235 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of ING Group, N.V. in the 1st quarter worth $13,345,000. Finally, Schafer Cullen Capital Management Inc. boosted its stake in shares of ING Group, N.V. by 12.3% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 4,589,005 shares of the financial services provider’s stock worth $79,803,000 after buying an additional 504,416 shares during the last quarter. Hedge funds and other institutional investors own 2.86% of the company’s stock.

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.

Analyst Recommendations for ING Group, N.V. (NYSE:ING)

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