ING Group, N.V. (NYSE:ING) Given Consensus Rating of “Moderate Buy” by Analysts

ING Group, N.V. (NYSE:ING) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

A number of analysts recently issued reports on ING shares. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Wall Street Zen lowered ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley reiterated an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Zacks Research cut ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th.

ING Group Stock Up 2.0%

Shares of NYSE ING opened at $32.09 on Friday. ING Group has a 1 year low of $22.28 and a 1 year high of $32.40. The firm has a market capitalization of $93.41 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm’s 50-day moving average is $30.14 and its 200-day moving average is $28.83.

ING Group (NYSE:ING) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The company had revenue of $616.97 million during the quarter, compared to analysts’ expectations of $6.86 billion. Equities analysts expect that ING Group will post 2.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in shares of ING Group by 28.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 717,950 shares of the financial services provider’s stock worth $20,103,000 after purchasing an additional 157,111 shares in the last quarter. First Pacific Financial grew its holdings in shares of ING Group by 665.4% during the 4th quarter. First Pacific Financial now owns 44,842 shares of the financial services provider’s stock valued at $1,256,000 after purchasing an additional 38,983 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of ING Group by 885.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 411,022 shares of the financial services provider’s stock worth $11,821,000 after buying an additional 369,310 shares during the last quarter. American Century Companies Inc. increased its holdings in ING Group by 22.2% in the 3rd quarter. American Century Companies Inc. now owns 1,721,021 shares of the financial services provider’s stock worth $44,884,000 after purchasing an additional 312,720 shares in the last quarter. Finally, XY Capital Ltd increased its stake in shares of ING Group by 268.3% in the third quarter. XY Capital Ltd now owns 100,546 shares of the financial services provider’s stock valued at $2,622,000 after buying an additional 73,246 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.