ING Groep NV (NYSE:ING) shares rose 2.5% on Thursday . The stock traded as high as $10.93 and last traded at $10.89, with a volume of 2,891,454 shares traded. The stock had previously closed at $10.62.

ING has been the topic of several recent research reports. Morgan Stanley downgraded shares of ING Groep NV from an “equal” rating to an “underweight” rating in a research report on Thursday, March 31st. Deutsche Bank AG reiterated a “buy” rating on shares of ING Groep NV in a research report on Wednesday, March 30th. Zacks Investment Research upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. TheStreet upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, Macquarie upgraded shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.63.

The stock has a market capitalization of $41.96 billion and a PE ratio of 10.93. The stock has a 50 day moving average price of $11.14 and a 200 day moving average price of $11.84.

A number of hedge funds recently added to or reduced their stakes in the company. Todd Asset Management LLC increased 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 valued at $12,341,000 after buying an additional 97,159 shares in the last quarter. TD Asset Management Inc. increased 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 valued at $4,619,000 after buying an additional 78,273 shares in the last quarter. Comerica Bank increased 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 valued at $3,946,000 after buying an additional 8,501 shares in the last quarter. Finally, Profund Advisors LLC increased 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 valued at $1,224,000 after buying an additional 13,020 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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