ING Groep (ING) Shares Gap Up to $18.60

ING Groep NV (NYSE:ING) shares gapped up prior to trading on Thursday . The stock had previously closed at $18.21, but opened at $18.60. ING Groep shares last traded at $18.97, with a volume of 3242857 shares.

Several research firms have recently commented on ING. UBS Group reiterated a “buy” rating on shares of ING Groep in a report on Monday, December 11th. ValuEngine upgraded ING Groep from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank restated a “buy” rating on shares of ING Groep in a report on Thursday, October 12th. Zacks Investment Research downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, Goldman Sachs Group restated a “buy” rating on shares of ING Groep in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $17.50.

The stock has a market capitalization of $73,690.00, a price-to-earnings ratio of 13.27, a PEG ratio of 2.25 and a beta of 1.20. 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 made changes to their positions in the stock. Parametric Portfolio Associates LLC increased its holdings in ING Groep by 9.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,974,651 shares of the financial services provider’s stock valued at $54,793,000 after purchasing an additional 262,142 shares during the period. Neuberger Berman Group LLC increased its holdings in ING Groep by 14.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 90,573 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 11,389 shares during the period. Guardian Capital LP purchased a new position in ING Groep during the 3rd quarter valued at about $10,210,000. Janney Montgomery Scott LLC boosted its position in ING Groep by 35.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 73,499 shares of the financial services provider’s stock valued at $1,354,000 after acquiring an additional 19,273 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in ING Groep by 138.9% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 101,930 shares of the financial services provider’s stock valued at $1,878,000 after acquiring an additional 59,258 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

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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.

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