ING Groep NV (ING) Shares Gap Down to $10.93
Shares of ING Groep NV (NYSE:ING) gapped down before the market opened on Thursday . The stock had previously closed at $10.90, but opened at $10.93. ING Groep NV shares last traded at $11.01, with a volume of 2,073,423 shares changing hands.
A number of analysts have commented on the stock. Zacks Investment Research raised shares of ING Groep NV from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, April 13th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Groep NV in a research note on Wednesday, March 30th. Morgan Stanley lowered shares of ING Groep NV from an “equal” rating to an “underweight” rating in a research note on Thursday, March 31st. TheStreet raised shares of ING Groep NV from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, Macquarie raised shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. One equities 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 currently has a consensus rating of “Hold” and an average target price of $13.63.
The stock has a market cap of $42.96 billion and a PE ratio of 11.14. The company has a 50-day moving average price of $10.96 and a 200-day moving average price of $11.76.
A hedge fund recently raised its stake in ING Groep NV stock. TD Asset Management Inc. boosted its position in ING Groep NV (NYSE:ING) by 29.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,194 shares of the company’s stock after buying an additional 78,273 shares during the period. TD Asset Management Inc.’s holdings in ING Groep NV were worth $4,619,000 at the end of the most recent reporting 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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