Shares of ING Groep NV (NYSE:ING) dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as $14.31 and last traded at $14.78. Approximately 281,907 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,387,799 shares. The stock had previously closed at $14.62.

ING has been the topic of several recent research reports. Zacks Investment Research downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. ValuEngine downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, UBS Group reissued a “buy” rating on shares of ING Groep in a report on Tuesday, April 24th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.00.

The firm has a market capitalization of $55.92 billion, a PE ratio of 10.16, a P/E/G ratio of 1.37 and a beta of 1.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.96.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. We Are One Seven LLC acquired a new stake in ING Groep in the 4th quarter valued at approximately $101,000. Capital Analysts LLC acquired a new stake in ING Groep in the 4th quarter valued at approximately $1,111,000. Private Capital Group LLC increased its position in ING Groep by 797.9% in the 1st quarter. Private Capital Group LLC now owns 8,279 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 7,357 shares during the period. Icon Wealth Partners LLC acquired a new stake in ING Groep in the 4th quarter valued at approximately $202,000. Finally, Signaturefd LLC acquired a new stake in ING Groep in the 1st quarter valued at approximately $186,000. 3.62% of the stock is currently owned by institutional investors and hedge funds.

About ING Groep

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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