Suntrust Banks Inc. trimmed its position in ING Group, N.V. (NYSE:ING) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,542 shares of the financial services provider’s stock after selling 6,639 shares during the quarter. Suntrust Banks Inc.’s holdings in ING Group, N.V. were worth $5,034,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC lifted its holdings in shares of ING Group, N.V. by 1,155.1% in the 2nd quarter. Fisher Asset Management LLC now owns 36,009,342 shares of the financial services provider’s stock worth $626,202,000 after buying an additional 33,140,211 shares during the period. Bank of America Corp DE lifted its holdings in shares of ING Group, N.V. by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock worth $121,313,000 after buying an additional 410,416 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of ING Group, N.V. by 155.0% in the 2nd quarter. Wells Fargo & Company MN now owns 2,858,329 shares of the financial services provider’s stock worth $49,706,000 after buying an additional 1,737,235 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of ING Group, N.V. by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 1,315,324 shares of the financial services provider’s stock worth $19,848,000 after buying an additional 23,522 shares during the period. Finally, Aperio Group LLC lifted its holdings in shares of ING Group, N.V. by 13.5% in the 2nd quarter. Aperio Group LLC now owns 1,004,070 shares of the financial services provider’s stock worth $17,461,000 after buying an additional 119,720 shares during the period. Institutional investors and hedge funds own 2.86% of the company’s stock.

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Several equities research analysts have weighed in on the company. HSBC Holdings plc cut ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a report on Wednesday, May 31st. Deutsche Bank AG restated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. BidaskClub upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, UBS AG restated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $17.00.

ING Group, N.V. Profile

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 that 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 that 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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Institutional Ownership by Quarter for ING Group, N.V. (NYSE:ING)

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