ValuEngine upgraded shares of ING Groep (NYSE:ING) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

A number of other brokerages have also recently commented on ING. Deutsche Bank reiterated a buy rating on shares of ING Groep in a research report on Thursday, October 12th. Zacks Investment Research cut shares of ING Groep from a buy rating to a hold rating in a research report on Friday, November 3rd. UBS reiterated a buy rating on shares of ING Groep in a research report on Tuesday, September 5th. Finally, Goldman Sachs Group upgraded shares of ING Groep from a neutral rating to a buy rating in a research report on Wednesday, September 6th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $15.00.

Shares of ING Groep (NYSE:ING) traded down $0.12 during trading hours on Friday, reaching $17.98. 4,792,084 shares of the company were exchanged, compared to its average volume of 2,164,639. The stock has a market cap of $70,189.99, a PE ratio of 12.07, a PEG ratio of 2.31 and a beta of 1.20. ING Groep has a one year low of $13.32 and a one year high of $19.01. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09.

A number of large investors have recently modified their holdings of ING. Arrowstreet Capital Limited Partnership grew its holdings in ING Groep 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 acquiring an additional 4,687,122 shares during the last quarter. Fisher Asset Management LLC grew its holdings in ING Groep by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 38,178,130 shares of the financial services provider’s stock worth $703,241,000 after acquiring an additional 2,168,788 shares during the last quarter. Wells Fargo & Company MN grew its holdings in ING Groep 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 acquiring an additional 1,737,235 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in ING Groep in the 3rd quarter worth $22,685,000. Finally, Assetmark Inc. grew its holdings in ING Groep by 5,421.5% in the 3rd quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock worth $13,109,000 after acquiring an additional 698,776 shares during the last quarter. Institutional investors own 2.97% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “ING Groep (ING) Upgraded by ValuEngine to Strong-Buy” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/02/ing-groep-ing-upgraded-by-valuengine-to-strong-buy.html.

ING Groep Company Profile

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 Groep (NYSE:ING)

Receive News & Stock Ratings for ING Groep NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep NV and related stocks with our FREE daily email newsletter.