ING Groep (NYSE:ING) Receives Average Rating of “Moderate Buy” from Analysts

ING Groep (NYSE:ING) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts have recently issued reports on ING shares. The Goldman Sachs Group upgraded ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Cfra Research upgraded shares of ING Groep from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 6th.

ING Groep Trading Up 1.5 %

Shares of ING stock opened at $20.51 on Thursday. The stock has a market capitalization of $71.75 billion, a P/E ratio of 9.58, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. ING Groep has a fifty-two week low of $15.09 and a fifty-two week high of $20.79. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average price of $19.34 and a 200 day moving average price of $17.31.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.07). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. Equities research analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.6526 dividend. This is a positive change from ING Groep’s previous semi-annual dividend of $0.17. This represents a yield of 5.1%. The ex-dividend date of this dividend was Friday, April 25th. ING Groep’s dividend payout ratio is currently 64.45%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ING. Kestra Private Wealth Services LLC boosted its stake in ING Groep by 4.4% in the first quarter. Kestra Private Wealth Services LLC now owns 12,705 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 530 shares in the last quarter. Huntington National Bank grew its stake in ING Groep by 1.7% during the 4th quarter. Huntington National Bank now owns 35,030 shares of the financial services provider’s stock worth $549,000 after buying an additional 597 shares during the last quarter. IFP Advisors Inc grew its stake in ING Groep by 25.1% during the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after buying an additional 621 shares during the last quarter. SRS Capital Advisors Inc. increased its position in ING Groep by 20.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,985 shares of the financial services provider’s stock worth $62,000 after buying an additional 665 shares during the period. Finally, Wedmont Private Capital lifted its stake in ING Groep by 6.5% in the first quarter. Wedmont Private Capital now owns 11,415 shares of the financial services provider’s stock valued at $208,000 after buying an additional 693 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.