ING Groep NV (ING) Given Average Recommendation of “Hold” by Brokerages

ING Groep NV (NYSE:ING) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.

ING has been the topic of several analyst reports. JPMorgan Chase & Co. cut shares of ING Groep from an “overweight” rating to a “neutral” rating in a research note on Monday, September 3rd. Royal Bank of Canada reissued a “neutral” rating on shares of ING Groep in a research note on Thursday. Zacks Investment Research raised shares of ING Groep from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, ValuEngine cut shares of ING Groep from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th.

Shares of NYSE:ING traded up $0.82 during trading on Thursday, hitting $12.63. 302,581 shares of the company were exchanged, compared to its average volume of 3,523,809. The company has a market capitalization of $45.77 billion, a PE ratio of 8.78 and a beta of 1.27. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.12 and a current ratio of 1.12. ING Groep has a 1-year low of $11.47 and a 1-year high of $20.58.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.06 billion. ING Groep had a net margin of 28.47% and a return on equity of 10.28%. On average, equities analysts forecast that ING Groep will post 1.5 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of ING. LPL Financial LLC grew its stake in shares of ING Groep by 15.5% in the first quarter. LPL Financial LLC now owns 123,093 shares of the financial services provider’s stock worth $2,084,000 after purchasing an additional 16,497 shares during the last quarter. Millennium Management LLC bought a new stake in ING Groep during the first quarter valued at $543,000. Fisher Asset Management LLC boosted its position in ING Groep by 4.0% during the second quarter. Fisher Asset Management LLC now owns 43,296,870 shares of the financial services provider’s stock valued at $620,011,000 after acquiring an additional 1,679,519 shares during the last quarter. Bellecapital International Ltd. boosted its position in ING Groep by 76.5% during the second quarter. Bellecapital International Ltd. now owns 24,118 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 10,450 shares during the last quarter. Finally, Confluence Investment Management LLC bought a new stake in ING Groep during the second quarter valued at $1,694,000. 3.51% of the stock is currently owned by institutional investors.

ING Groep Company Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

See Also: Average Daily Trade Volume – ADTV

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