ING Groep NV (NYSE:ING)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $10.02, but opened at $10.30. ING Groep NV shares last traded at $10.67, with a volume of 2,733,929 shares changing hands.

ING has been the topic of a number of research reports. TheStreet upgraded ING Groep NV from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Deutsche Bank AG reissued a “buy” rating on shares of ING Groep NV in a research note on Wednesday, March 30th. Zacks Investment Research raised ING Groep NV from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, April 13th. Macquarie raised ING Groep NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. Finally, Morgan Stanley cut ING Groep NV from an “equal” rating to an “underweight” rating in a research note on Thursday, March 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.63.

The company has a market capitalization of $41.22 billion and a PE ratio of 10.74. The stock has a 50 day moving average price of $11.29 and a 200 day moving average price of $11.88.

A number of institutional investors recently modified their holdings of the company. AMG National Trust Bank boosted its position in shares of ING Groep NV by 0.6% in the fourth quarter. AMG National Trust Bank now owns 80,521 shares of the company’s stock worth $1,084,000 after buying an additional 444 shares during the period. Profund Advisors LLC boosted its position in shares of ING Groep NV by 16.7% in the fourth quarter. Profund Advisors LLC now owns 90,930 shares of the company’s stock worth $1,224,000 after buying an additional 13,020 shares during the period. Comerica Bank boosted its position in shares of ING Groep NV by 2.8% in the fourth quarter. Comerica Bank now owns 316,753 shares of the company’s stock worth $3,946,000 after buying an additional 8,501 shares during the period. TD Asset Management Inc. boosted its position in shares of ING Groep NV by 29.5% in the fourth quarter. TD Asset Management Inc. now owns 343,194 shares of the company’s stock worth $4,619,000 after buying an additional 78,273 shares during the period. Finally, Todd Asset Management LLC boosted its position in shares of ING Groep NV by 11.9% in the fourth quarter. Todd Asset Management LLC now owns 916,821 shares of the company’s stock worth $12,341,000 after buying an additional 97,159 shares during the period.

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 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 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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