ING Group, N.V. (NYSE:ING) Given Average Recommendation of “Buy” by Analysts

by · The Cerbat Gem

Shares of ING Group, N.V. (NYSE:ING – Get Free Report) have earned an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.

Several equities research analysts recently commented on ING shares. Cfra Research raised shares of ING Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 25th. Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ING Group in a research report on Monday. Citigroup raised ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Finally, Keefe, Bruyette & Woods downgraded ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th.

Read Our Latest Research Report on ING

ING Group Price Performance

Shares of ING opened at $26.95 on Monday. The stock has a 50 day simple moving average of $25.21 and a 200 day simple moving average of $23.94. ING Group has a 52-week low of $15.09 and a 52-week high of $27.03. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $84.81 billion, a PE ratio of 12.14, a P/E/G ratio of 1.89 and a beta of 0.81.

ING Group (NYSE:ING – Get Free Report) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. The firm had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. Sell-side analysts predict that ING Group will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ING. Charles Schwab Investment Management Inc. lifted its position in ING Group by 21.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 285,853 shares of the financial services provider’s stock worth $5,600,000 after buying an additional 51,324 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of ING Group by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,836 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 1,189 shares during the last quarter. National Bank of Canada FI raised its holdings in ING Group by 1,434.0% during the first quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider’s stock worth $7,932,000 after acquiring an additional 378,693 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in ING Group during the first quarter valued at approximately $1,871,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in ING Group by 21.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 209,771 shares of the financial services provider’s stock valued at $4,109,000 after purchasing an additional 37,704 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Group Company Profile

(Get Free Report)

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.

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