Shares of ING Groep (NYSE:ING – Get Rating) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.91.

A number of brokerages have issued reports on ING. Morgan Stanley upped their price objective on shares of ING Groep from €14.00 ($14.89) to €16.00 ($17.02) and gave the stock an "overweight" rating in a research report on Friday, November 18th. UBS Group upped their price objective on shares of ING Groep from €15.00 ($15.96) to €15.80 ($16.81) in a research report on Monday, November 7th. Credit Suisse Group upped their price objective on shares of ING Groep from €13.50 ($14.36) to €14.00 ($14.89) and gave the stock an "outperform" rating in a research report on Friday, September 30th. StockNews.com initiated coverage on shares of ING Groep in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of ING Groep from €13.00 ($13.83) to €13.40 ($14.26) in a research report on Wednesday, December 7th.

ING Groep Price Performance

ING opened at $12.54 on Wednesday. ING Groep has a fifty-two week low of $8.14 and a fifty-two week high of $15.97. The firm has a market capitalization of $48.91 billion, a PE ratio of 12.42, a P/E/G ratio of 0.83 and a beta of 1.57. The company's 50-day moving average is $11.57 and its 200 day moving average is $10.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cambiar Investors LLC lifted its stake in ING Groep by 821.9% in the 2nd quarter. Cambiar Investors LLC now owns 3,275,409 shares of the financial services provider's stock worth $32,492,000 after purchasing an additional 2,920,134 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in ING Groep in the 3rd quarter worth approximately $15,675,000. Arrowstreet Capital Limited Partnership raised its position in shares of ING Groep by 4,412.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,823,310 shares of the financial services provider's stock valued at $19,017,000 after buying an additional 1,782,900 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of ING Groep by 27.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,851,043 shares of the financial services provider's stock valued at $77,882,000 after buying an additional 1,673,262 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of ING Groep during the 3rd quarter valued at $10,592,000. 3.99% of the stock is owned by institutional investors.

About ING Groep

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ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.

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