ING Group, N.V. (ING) Lifted to “Strong-Buy” at ValuEngine
ValuEngine upgraded shares of ING Group, N.V. (NYSE:ING) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.
Several other analysts also recently issued reports on the company. Deutsche Bank AG reissued a buy rating on shares of ING Group, N.V. in a report on Tuesday, May 2nd. Zacks Investment Research downgraded ING Group, N.V. from a hold rating to a sell rating in a report on Wednesday, May 3rd. HSBC Holdings plc downgraded ING Group, N.V. from a buy rating to a hold rating and set a $15.00 price target on the stock. in a report on Wednesday, May 31st. Finally, BidaskClub raised ING Group, N.V. from a buy rating to a strong-buy rating in a report on Saturday, July 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $17.00.
Shares of ING Group, N.V. (ING) traded up 0.310% during midday trading on Tuesday, hitting $17.825. 1,114,207 shares of the stock were exchanged. ING Group, N.V. has a one year low of $11.76 and a one year high of $18.94. The firm has a 50 day moving average of $18.19 and a 200-day moving average of $16.44. The company has a market cap of $69.23 billion, a price-to-earnings ratio of 11.907 and a beta of 1.15.
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The firm also recently announced a None dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were paid a dividend of $0.232 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a yield of 3.05%. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s payout ratio is presently 47.29%.
A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers acquired a new stake in shares of ING Group, N.V. during the second quarter valued at $333,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ING Group, N.V. during the second quarter valued at $423,000. Wasatch Advisors Inc. increased its stake in shares of ING Group, N.V. by 8.7% in the second quarter. Wasatch Advisors Inc. now owns 231,297 shares of the financial services provider’s stock valued at $4,022,000 after buying an additional 18,444 shares during the last quarter. Schafer Cullen Capital Management Inc. increased its stake in shares of ING Group, N.V. by 12.3% in the second quarter. Schafer Cullen Capital Management Inc. now owns 4,589,005 shares of the financial services provider’s stock valued at $79,803,000 after buying an additional 504,416 shares during the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of ING Group, N.V. during the second quarter valued at $127,000. 2.67% of the stock is currently owned by hedge funds and other institutional investors.
ING Group, N.V. Company 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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