Shares of ING Groep NV (NYSE:ING) gapped up before the market opened on Wednesday . The stock had previously closed at $10.69, but opened at $10.76. ING Groep NV shares last traded at $10.92, with a volume of 1,253,642 shares trading hands.

A number of research firms have issued reports on ING. Zacks Investment Research downgraded shares of ING Groep NV from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Macquarie raised shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 5th. TheStreet raised shares of ING Groep NV from a “sell” rating to a “hold” rating in a report on Thursday, July 7th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Groep NV in a report on Wednesday, March 30th. Finally, Morgan Stanley downgraded shares of ING Groep NV from an “equal” rating to an “underweight” rating in a report on Thursday, March 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. ING Groep NV presently has a consensus rating of “Hold” and an average price target of $13.63.

The firm has a 50-day moving average price of $11.03 and a 200 day moving average price of $11.78. The company has a market cap of $42.30 billion and a P/E ratio of 10.98.

A hedge fund recently raised its stake in ING Groep NV stock. Comerica Bank raised its stake in shares of ING Groep NV (NYSE:ING) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 316,753 shares of the company’s stock after buying an additional 8,501 shares during the period. Comerica Bank’s holdings in ING Groep NV were worth $3,946,000 at the end of the most recent 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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