ING Groep (NYSE:ING) Stock Rating Lowered by Morgan Stanley

ING Groep (NYSE:ING) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Tuesday, Marketbeat Ratings reports.

Other research analysts also recently issued research reports about the stock. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep Stock Up 1.1 %

ING opened at $15.27 on Tuesday. The firm has a 50-day simple moving average of $16.91 and a two-hundred day simple moving average of $17.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $53.40 billion, a PE ratio of 6.85, a price-to-earnings-growth ratio of 5.97 and a beta of 1.52. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72.

Institutional Trading of ING Groep

Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC raised its stake in shares of ING Groep by 172.6% during the first quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock valued at $1,284,000 after acquiring an additional 49,307 shares in the last quarter. Creative Planning increased its holdings in ING Groep by 18.4% during the second quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after buying an additional 32,534 shares during the period. Crossmark Global Holdings Inc. increased its holdings in ING Groep by 30.8% during the third quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock valued at $4,849,000 after buying an additional 62,801 shares during the period. Natixis Advisors LLC increased its holdings in ING Groep by 71.3% during the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock valued at $60,051,000 after buying an additional 1,376,713 shares during the period. Finally, Boston Partners purchased a new position in ING Groep during the first quarter valued at approximately $2,125,000. Institutional investors own 4.49% of the company’s stock.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.