ING Group, N.V. (NYSE:ING) Receives Consensus Recommendation of “Buy” from Analysts

ING Group, N.V. (NYSE:ING) has been given a consensus rating of “Buy” by the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company.

ING has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Keefe, Bruyette & Woods lowered ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Jefferies Financial Group assumed coverage on ING Group in a report on Tuesday, January 27th. They set a “hold” rating on the stock. Zacks Research raised ING Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research report on Friday, November 21st.

Institutional Trading of ING Group

Several institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its holdings in ING Group by 4.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 361 shares during the period. Aprio Wealth Management LLC lifted its position in ING Group by 1.6% in the fourth quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 370 shares during the last quarter. Quadrant Capital Group LLC lifted its position in ING Group by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock valued at $2,973,000 after purchasing an additional 374 shares during the last quarter. Binnacle Investments Inc boosted its stake in shares of ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 395 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of ING Group by 0.6% during the third quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock valued at $1,659,000 after purchasing an additional 397 shares during the period. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Group Trading Down 1.6%

Shares of ING stock opened at $29.33 on Friday. The company has a market capitalization of $85.37 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.97 and a beta of 0.80. ING Group has a 52-week low of $16.47 and a 52-week high of $31.17. The business’s fifty day moving average is $28.92 and its 200 day moving average is $26.47. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11.

ING Group (NYSE:ING) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. ING Group had a return on equity of 12.26% and a net margin of 27.50%.The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.67 billion. On average, equities research analysts anticipate that ING Group will post 2.14 EPS for the current fiscal year.

ING Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be issued a dividend of $0.8796 per share. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 589.0%. ING Group’s dividend payout ratio (DPR) is currently 28.87%.

ING Group Company Profile

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.