ING Groep (NYSE:ING – Get Rating) has earned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $12.78.
ING has been the topic of several research analyst reports. UBS Group raised their target price on shares of ING Groep from €15.30 ($16.28) to €15.90 ($16.91) and gave the stock a “buy” rating in a research report on Monday, May 9th. Morgan Stanley dropped their price objective on shares of ING Groep from €15.60 ($16.60) to €13.00 ($13.83) in a research note on Thursday, March 24th. JPMorgan Chase & Co. raised their price target on shares of ING Groep from €12.70 ($13.51) to €12.80 ($13.62) and gave the stock an “overweight” rating in a research report on Thursday, May 19th. Barclays raised shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, March 23rd. Finally, Zacks Investment Research raised shares of ING Groep from a “sell” rating to a “hold” rating in a report on Tuesday.
ING traded up $0.09 during trading hours on Tuesday, hitting $10.89. 164,438 shares of the company’s stock were exchanged, compared to its average volume of 6,978,345. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.83. ING Groep has a 12-month low of $8.97 and a 12-month high of $15.97. The firm has a market cap of $42.48 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 0.66 and a beta of 1.76. The firm has a 50 day moving average of $10.11 and a 200 day moving average of $12.50.
The business also recently disclosed a — dividend, which was paid on Wednesday, May 25th. Stockholders of record on Monday, May 16th were paid a $0.2452 dividend. This represents a dividend yield of 11.6%. The ex-dividend date of this dividend was Friday, May 13th. ING Groep’s dividend payout ratio (DPR) is presently 57.03%.
Institutional investors have recently bought and sold shares of the company. Spire Wealth Management bought a new position in shares of ING Groep during the fourth quarter valued at about $26,000. CWM LLC bought a new position in ING Groep in the 4th quarter worth $30,000. UMB Bank N A MO purchased a new stake in shares of ING Groep during the 4th quarter valued at about $38,000. Farmers & Merchants Investments Inc. raised its position in ING Groep by 80.6% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 3,199 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,428 shares during the period. Finally, Harbor Investment Advisory LLC bought a new position in ING Groep in the 4th quarter worth about $55,000. 9.33% of the stock is owned by hedge funds and other institutional investors.
ING Groep Company Profile (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.
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