ING Group, N.V. (ING) Position Raised by CIBC World Markets Inc.

CIBC World Markets Inc. increased its holdings in ING Group, N.V. (NYSE:ING) by 119.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,245 shares of the financial services provider’s stock after buying an additional 90,543 shares during the period. CIBC World Markets Inc.’s holdings in ING Group, N.V. were worth $2,891,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ING. Fisher Asset Management LLC raised its position in shares of ING Group, N.V. by 1,155.1% in the second 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 in the last quarter. Bank of America Corp DE raised its position in shares of ING Group, N.V. by 5.4% in the first 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 in the last quarter. Bridges Investment Counsel Inc. raised its position in shares of ING Group, N.V. by 189.0% in the second quarter. Bridges Investment Counsel Inc. now owns 578,070 shares of the financial services provider’s stock worth $10,053,000 after buying an additional 378,070 shares in the last quarter. Thomas White International Ltd. raised its position in shares of ING Group, N.V. by 78.5% in the first quarter. Thomas White International Ltd. now owns 552,306 shares of the financial services provider’s stock worth $8,334,000 after buying an additional 242,869 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of ING Group, N.V. in the first quarter worth $3,359,000. Institutional investors own 2.86% of the company’s stock.

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ING has been the topic of a number of recent analyst reports. HSBC Holdings plc downgraded ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, May 31st. ValuEngine upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Deutsche Bank AG reiterated a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, June 20th. BidaskClub upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Finally, UBS AG restated a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, September 5th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.00.

Shares of ING Group, N.V. (NYSE ING) opened at 17.71 on Monday. The stock has a market cap of $68.79 billion, a P/E ratio of 11.88 and a beta of 1.14. The firm’s 50-day moving average price is $18.12 and its 200-day moving average price is $16.66. ING Group, N.V. has a 52-week low of $11.76 and a 52-week high of $18.94.

The business also recently declared a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were paid a $0.232 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 3.05%. This is a boost from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s payout ratio is presently 47.29%.

ING Group, N.V. 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.

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

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