CIBC World Markets Inc. lifted its position in ING Groep NV (NYSE:ING) by 17.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,609 shares of the financial services provider’s stock after acquiring an additional 2,950 shares during the quarter. CIBC World Markets Inc.’s holdings in ING Groep were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ING. Bank of New York Mellon Corp lifted its holdings in shares of ING Groep by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 109,693 shares of the financial services provider’s stock worth $1,907,000 after acquiring an additional 5,175 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of ING Groep by 190.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 42,672 shares of the financial services provider’s stock worth $742,000 after acquiring an additional 27,972 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of ING Groep by 17.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 18,684 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 2,819 shares during the last quarter. Krilogy Financial LLC bought a new stake in shares of ING Groep in the 2nd quarter worth about $127,000. Finally, Schafer Cullen Capital Management Inc. lifted its holdings in shares of ING Groep 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 acquiring an additional 504,416 shares during the last quarter. Hedge funds and other institutional investors own 3.02% of the company’s stock.

ING has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research note on Monday, December 11th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. ING Groep has a consensus rating of “Buy” and an average price target of $18.00.

ING Groep NV (NYSE:ING) opened at $18.22 on Friday. The company has a market cap of $71,830.00, a PE ratio of 11.75, a P/E/G ratio of 1.46 and a beta of 1.20. ING Groep NV has a 12 month low of $13.63 and a 12 month high of $20.58. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.05.

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About ING Groep

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.

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Institutional Ownership by Quarter for ING Groep (NYSE:ING)

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