Shares of ING Groep (NYSE:ING – Get Rating) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.64.
Several equities research analysts have recently commented on the stock. Credit Suisse Group lifted their price target on shares of ING Groep from €13.50 ($13.92) to €14.00 ($14.43) and gave the stock an “outperform” rating in a research report on Friday, September 30th. UBS Group lifted their price objective on shares of ING Groep from €15.00 ($15.46) to €15.80 ($16.29) in a research note on Monday, November 7th. Societe Generale reduced their price objective on shares of ING Groep from €14.00 ($14.43) to €12.50 ($12.89) in a research note on Friday, November 4th. JPMorgan Chase & Co. lifted their price objective on shares of ING Groep from €12.80 ($13.20) to €13.00 ($13.40) in a research note on Wednesday, September 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of ING Groep from €15.00 ($15.46) to €16.00 ($16.49) in a research note on Wednesday, November 9th.
Institutional Investors Weigh In On ING Groep
A number of institutional investors have recently modified their holdings of ING. Financial Management Professionals Inc. bought a new stake in shares of ING Groep in the second quarter valued at about $26,000. Gradient Investments LLC bought a new stake in shares of ING Groep in the third quarter valued at about $30,000. Spire Wealth Management boosted its position in shares of ING Groep by 112.5% in the second quarter. Spire Wealth Management now owns 3,232 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,711 shares during the period. Ronald Blue Trust Inc. bought a new stake in ING Groep during the second quarter worth about $35,000. Finally, SRS Capital Advisors Inc. bought a new stake in ING Groep during the second quarter worth about $40,000. Institutional investors own 4.39% of the company’s stock.
ING Groep Stock Down 0.4 %
About ING Groep
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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