Shares of ING Groep (NYSE:ING – Get Rating) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $13.91.
A number of brokerages have issued reports on ING. Morgan Stanley upped their price objective on shares of ING Groep from €14.00 ($14.89) to €16.00 ($17.02) and gave the stock an "overweight" rating in a research report on Friday, November 18th. UBS Group upped their price objective on shares of ING Groep from €15.00 ($15.96) to €15.80 ($16.81) in a research report on Monday, November 7th. Credit Suisse Group upped their price objective on shares of ING Groep from €13.50 ($14.36) to €14.00 ($14.89) and gave the stock an "outperform" rating in a research report on Friday, September 30th. StockNews.com initiated coverage on shares of ING Groep in a research report on Wednesday, October 12th. They set a "hold" rating for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of ING Groep from €13.00 ($13.83) to €13.40 ($14.26) in a research report on Wednesday, December 7th.
Get ING Groep alerts:ING Groep Price Performance
ING opened at $12.54 on Wednesday. ING Groep has a fifty-two week low of $8.14 and a fifty-two week high of $15.97. The firm has a market capitalization of $48.91 billion, a PE ratio of 12.42, a P/E/G ratio of 0.83 and a beta of 1.57. The company's 50-day moving average is $11.57 and its 200 day moving average is $10.13.
ING Groep (NYSE:ING – Get Rating) last posted its earnings results on Thursday, November 3rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.06). ING Groep had a return on equity of 6.29% and a net margin of 19.14%. The business had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.30 billion. As a group, analysts expect that ING Groep will post 1.09 EPS for the current year.Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Cambiar Investors LLC lifted its stake in ING Groep by 821.9% in the 2nd quarter. Cambiar Investors LLC now owns 3,275,409 shares of the financial services provider's stock worth $32,492,000 after purchasing an additional 2,920,134 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new stake in ING Groep in the 3rd quarter worth approximately $15,675,000. Arrowstreet Capital Limited Partnership raised its position in shares of ING Groep by 4,412.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,823,310 shares of the financial services provider's stock valued at $19,017,000 after buying an additional 1,782,900 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of ING Groep by 27.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,851,043 shares of the financial services provider's stock valued at $77,882,000 after buying an additional 1,673,262 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of ING Groep during the 3rd quarter valued at $10,592,000. 3.99% of the stock is owned by institutional investors.
About ING Groep
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ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking.
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