ING Groep NV (NYSE:ING)’s share price shot up 2.5% during trading on Thursday . The company traded as high as $10.93 and last traded at $10.89, with a volume of 2,891,454 shares. The stock had previously closed at $10.62.

A number of brokerages have recently commented on ING. Zacks Investment Research lowered shares of ING Groep NV from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Morgan Stanley lowered shares of ING Groep NV from an “equal” rating to an “underweight” rating in a report on Thursday, March 31st. Macquarie upgraded shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. Deutsche Bank AG reiterated a “buy” rating on shares of ING Groep NV in a report on Wednesday, March 30th. Finally, TheStreet upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. One research 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. ING Groep NV currently has an average rating of “Hold” and an average target price of $13.63.

The firm’s 50 day moving average is $11.19 and its 200-day moving average is $11.86. The company has a market capitalization of $42.15 billion and a PE ratio of 10.98.

Other hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its stake in 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 in the last quarter. Profund Advisors LLC raised its stake in 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 in the last quarter. Comerica Bank raised its stake in 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 in the last quarter. AMG National Trust Bank raised its stake in 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 in the last quarter. Finally, Todd Asset Management LLC raised its stake in 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 in the last quarter.

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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