Zacks Investment Research Upgrades ING Groep (ING) to “Buy”
Zacks Investment Research upgraded shares of ING Groep (NYSE:ING) from a hold rating to a buy rating in a research report report published on Friday morning. Zacks Investment Research currently has $21.00 price objective on the financial services provider’s stock.
According to Zacks, “ING GROEP-ADR is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. ING can fully deliver what today’s clients expect: unlimited access, maximum convenience, immediate and accurate execution, personal advice, tailor-made solutions and competitive rates. “
Other equities analysts have also issued reports about the stock. UBS Group restated a buy rating on shares of ING Groep in a research report on Monday, December 11th. Goldman Sachs Group restated a buy rating on shares of ING Groep in a research report on Wednesday, December 6th. ValuEngine upgraded shares of ING Groep from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Finally, Deutsche Bank restated a buy rating on shares of ING Groep in a research report on Thursday, October 12th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $18.00.
Several institutional investors and hedge funds have recently made changes to their positions in ING. Krilogy Financial LLC purchased a new position in shares of ING Groep during the second quarter worth approximately $127,000. Zions Bancorporation grew its position in shares of ING Groep by 1,021.8% during the third quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 6,386 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of ING Groep during the third quarter worth approximately $156,000. Diligent Investors LLC purchased a new position in ING Groep in the 3rd quarter valued at $190,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in ING Groep in the 3rd quarter valued at $190,000. Institutional investors and hedge funds own 3.02% of the company’s stock.
ING Groep Company 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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