FY2017 EPS Estimates for ING Group, N.V. (ING) Boosted by Analyst
ING Group, N.V. (NYSE:ING) – Equities research analysts at Jefferies Group upped their FY2017 earnings per share estimates for ING Group, N.V. in a report issued on Friday. Jefferies Group analyst M. Timat now forecasts that the financial services provider will earn $1.55 per share for the year, up from their prior estimate of $1.46. Jefferies Group also issued estimates for ING Group, N.V.’s FY2018 earnings at $1.61 EPS, FY2019 earnings at $1.80 EPS and FY2020 earnings at $1.98 EPS.
Several other analysts also recently weighed in on ING. Deutsche Bank AG restated a “buy” rating on shares of ING Group, N.V. in a research report on Tuesday, June 20th. Goldman Sachs Group, Inc. (The) raised shares of ING Group, N.V. from a “neutral” rating to a “buy” rating in a report on Wednesday, September 6th. ValuEngine raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 22nd. BidaskClub raised shares of ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, HSBC Holdings plc cut shares of ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, May 31st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $17.00.
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Shares of ING Group, N.V. (NYSE:ING) opened at 17.71 on Monday. ING Group, N.V. has a 52-week low of $11.76 and a 52-week high of $18.94. The company’s 50-day moving average is $18.12 and its 200-day moving average is $16.66. The stock has a market cap of $68.79 billion, a PE ratio of 11.88 and a beta of 1.14.
A number of institutional investors and hedge funds have recently bought and sold shares of ING. Cetera Investment Advisers acquired a new stake in ING Group, N.V. in the second quarter valued at approximately $333,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of ING Group, N.V. during the 2nd quarter valued at approximately $423,000. Wasatch Advisors Inc. boosted its stake in shares of ING Group, N.V. by 8.7% during the 2nd quarter. Wasatch Advisors Inc. now owns 231,297 shares of the financial services provider’s stock valued at $4,022,000 after buying an additional 18,444 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its stake in shares of ING Group, N.V. by 12.3% during the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 4,589,005 shares of the financial services provider’s stock valued at $79,803,000 after buying an additional 504,416 shares during the last quarter. Finally, Krilogy Financial LLC purchased a new position in shares of ING Group, N.V. during the 2nd quarter valued at approximately $127,000. 2.86% of the stock is owned by hedge funds and other institutional investors.
The firm also recently announced a None dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were given a dividend of $0.232 per share. This represents a yield of 3.05%. The ex-dividend date was Thursday, August 10th. This is an increase from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s dividend payout ratio is 47.29%.
ING Group, N.V. Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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