BB&T Corp lowered its position in ING Group, N.V. (NYSE:ING) by 15.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,028 shares of the financial services provider’s stock after selling 3,722 shares during the quarter. BB&T Corp’s holdings in ING Group, N.V. were worth $387,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of ING Group, N.V. by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 389 shares during the period. Krilogy Financial LLC purchased a new stake in shares of ING Group, N.V. in the second quarter valued at $127,000. Oppenheimer & Co. Inc. purchased a new stake in shares of ING Group, N.V. in the first quarter valued at $166,000. MAI Capital Management purchased a new stake in shares of ING Group, N.V. in the second quarter valued at $178,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of ING Group, N.V. in the second quarter valued at $243,000. 2.93% of the stock is currently owned by institutional investors and hedge funds.

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ING has been the topic of several recent analyst reports. Goldman Sachs Group, Inc. (The) raised shares of ING Group, N.V. from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 6th. UBS AG reissued a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, September 5th. Deutsche Bank AG reissued a “buy” rating on shares of ING Group, N.V. in a research note on Thursday, October 12th. BidaskClub raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, ValuEngine upgraded shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.00.

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

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