Teachers Retirement System of The State of Kentucky held its stake in shares of ING Group, N.V. (NYSE:ING) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 884,000 shares of the financial services provider’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in ING Group, N.V. were worth $15,373,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Oppenheimer & Co. Inc. purchased a new stake in shares of ING Group, N.V. during the 1st quarter valued at $166,000. Jacobi Capital Management LLC increased its position in shares of ING Group, N.V. by 16.4% during the 1st quarter. Jacobi Capital Management LLC now owns 11,602 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,635 shares during the last quarter. MAI Capital Management purchased a new stake in shares of ING Group, N.V. during the 2nd quarter valued at $178,000. Raymond James Financial Services Advisors Inc. increased its position in shares of ING Group, N.V. by 3.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,865 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 508 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of ING Group, N.V. during the 2nd quarter valued at $243,000. 2.86% of the stock is owned by hedge funds and other institutional investors.

Shares of ING Group, N.V. (ING) traded down 1.223% on Monday, reaching $18.175. The company’s stock had a trading volume of 476,801 shares. ING Group, N.V. has a 12-month low of $11.76 and a 12-month high of $18.94. The company has a market capitalization of $70.59 billion, a price-to-earnings ratio of 11.887 and a beta of 1.14. The company’s 50-day moving average is $18.06 and its 200 day moving average is $16.90.

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ING has been the subject of several research analyst reports. UBS AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, September 5th. Goldman Sachs Group, Inc. (The) raised ING Group, N.V. from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, June 20th. HSBC Holdings plc downgraded ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price target for the company. in a research note on Wednesday, May 31st. Finally, ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. ING Group, N.V. has an average rating of “Buy” and an average target price of $17.00.

About ING Group, N.V.

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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