ING Groep NV (NYSE:ING)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday, MarketBeat reports.

A number of institutional investors recently added to or reduced their stakes in ING. Northcoast Asset Management bought a new position in ING Groep NV during the third quarter worth about $2,718,000. Eagle Asset Management boosted its position in ING Groep NV by 18.2% in the third quarter. Eagle Asset Management now owns 28,040 shares of the company’s stock worth $396,000 after buying an additional 4,310 shares in the last quarter. Finally, EisnerAmper Wealth Management boosted its position in ING Groep NV by 12.3% in the fourth quarter. EisnerAmper Wealth Management now owns 25,920 shares of the company’s stock worth $349,000 after buying an additional 2,849 shares in the last quarter.

ING Groep NV (NYSE:ING) traded up 1.05% during midday trading on Monday, reaching $12.48. 3,069,524 shares of the company’s stock traded hands. ING Groep NV has a 1-year low of $12.22 and a 1-year high of $17.44. The firm has a market cap of $48.13 billion and a price-to-earnings ratio of 19.26. The stock’s 50 day moving average price is $13.38 and its 200 day moving average price is $14.84.

Several other equities analysts have also recently commented on the stock. RBC Capital restated a “sector perform” rating and issued a $13.25 target price (down from $15.50) on shares of ING Groep NV in a research report on Tuesday, January 5th. Zacks Investment Research cut shares of ING Groep NV from a “hold” rating to a “sell” rating in a research report on Thursday, December 10th. Morgan Stanley cut shares of ING Groep NV from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, November 25th. Kepler Capital Markets cut shares of ING Groep NV to a “reduce” rating in a research report on Wednesday, November 18th. Finally, Goldman Sachs restated a “neutral” rating on shares of ING Groep NV in a research report on Monday, November 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $13.63.

ING Groep N.V. (NYSE:ING) is a financial services company active in banking, investments, life and nonlife insurance and retirement services. The Company’s segments include: Retail Netherlands, Retail Belgium, Retail Germany and Retail Rest of World, which offer current and savings accounts, business lending, mortgages and other consumer lending, and Commercial Banking, which offers wholesale banking (a full range of products from cash management to corporate finance), real estate and lease. The Company provides a range of products and services to support its customers’ needs. The Company offers retail banking services to individuals, SMEs (small and medium sized enterprises) and mid-corporates in Europe, Asia and Australia. The Company operates Qustomer SPRL as a wholly owned subsidiary.

12 Month Chart for NYSE:ING

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