Shares of ING Groep (NYSE:ING – Get Rating) have been given a consensus recommendation of "Moderate Buy" by the eleven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $13.91.
A number of analysts have recently issued reports on the company. Societe Generale lowered their price objective on ING Groep from €14.00 ($14.89) to €12.50 ($13.30) in a research report on Friday, November 4th. StockNews.com assumed coverage on ING Groep in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on ING Groep from €15.00 ($15.96) to €16.00 ($17.02) in a research note on Wednesday, November 9th. Credit Suisse Group increased their target price on ING Groep from €13.50 ($14.36) to €14.00 ($14.89) and gave the stock an "outperform" rating in a report on Friday, September 30th. Finally, UBS Group boosted their target price on shares of ING Groep from €15.00 ($15.96) to €15.80 ($16.81) in a research note on Monday, November 7th.
Get ING Groep alerts:ING Groep Stock Up 1.9 %
Shares of NYSE ING opened at $13.06 on Wednesday. The business's 50 day moving average is $11.76 and its two-hundred day moving average is $10.18. The company has a market cap of $50.94 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.60 and a beta of 1.57. ING Groep has a 12 month low of $8.14 and a 12 month high of $15.97.
ING Groep (NYSE:ING – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $4.45 billion during the quarter, compared to the consensus estimate of $4.30 billion. ING Groep had a return on equity of 6.29% and a net margin of 19.14%. Sell-side analysts expect that ING Groep will post 0.99 earnings per share for the current fiscal year.ING Groep Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, January 23rd. Shareholders of record on Tuesday, January 17th will be paid a $0.074 dividend. The ex-dividend date is Friday, January 13th. This represents a yield of 4.6%. ING Groep's dividend payout ratio (DPR) is presently 28.71%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake 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 purchasing an additional 1,673,262 shares during the period. FMR LLC increased its position in ING Groep by 29.8% during the 2nd quarter. FMR LLC now owns 4,621,059 shares of the financial services provider's stock valued at $45,841,000 after purchasing an additional 1,060,586 shares during the period. Capital International Investors grew its position in shares of ING Groep by 3.6% in the 1st quarter. Capital International Investors now owns 3,409,290 shares of the financial services provider's stock worth $36,752,000 after buying an additional 118,464 shares during the period. Cambiar Investors LLC boosted 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. Finally, Northern Trust Corp boosted its stake in ING Groep by 4.7% in the 2nd quarter. Northern Trust Corp now owns 2,961,277 shares of the financial services provider's stock worth $29,375,000 after purchasing an additional 133,490 shares in the last quarter. Hedge funds and other institutional investors own 3.99% of the company's stock.
About ING Groep
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on ING Groep (ING)
- Will LI Auto Be the Least Hated Chinese EV Stock in 2023?
- Here's Why Snap Stock Can Double in 2023
- Which Streaming Service Stock is Best in 2023?
- MarketBeat: Week in Review 01/02-01/06
- Why is the CrowdStrike Stock Price Struggling?
Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.