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.
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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