ING Groep NV (ING) Receives Average Recommendation of “Buy” from Analysts

Shares of ING Groep NV (NYSE:ING) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.00.

ING has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of ING Groep from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Tuesday. UBS Group reiterated a “buy” rating on shares of ING Groep in a research note on Monday, December 11th. Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a research note on Wednesday, December 6th. Deutsche Bank reiterated a “buy” rating on shares of ING Groep in a research note on Thursday, October 12th. Finally, ValuEngine upgraded shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st.

Shares of ING Groep (NYSE ING) opened at $20.27 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09. ING Groep has a one year low of $13.63 and a one year high of $20.34. The firm has a market cap of $78,411.13, a P/E ratio of 13.48, a P/E/G ratio of 2.42 and a beta of 1.20.

ING Groep (NYSE:ING) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share for the quarter. ING Groep had a net margin of 26.20% and a return on equity of 11.06%. analysts predict that ING Groep will post 1.62 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its stake in ING Groep by 4.4% in the third quarter. Wells Fargo & Company MN now owns 2,984,338 shares of the financial services provider’s stock valued at $54,971,000 after purchasing an additional 126,009 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of ING Groep by 39.4% in the third quarter. Envestnet Asset Management Inc. now owns 694,515 shares of the financial services provider’s stock valued at $12,791,000 after acquiring an additional 196,177 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of ING Groep by 14.4% in the third quarter. Neuberger Berman Group LLC now owns 90,573 shares of the financial services provider’s stock valued at $1,668,000 after acquiring an additional 11,389 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of ING Groep by 38.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 21,683 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 6,000 shares during the period. Finally, Capital Bank & Trust Co boosted its holdings in shares of ING Groep by 7.0% in the third quarter. Capital Bank & Trust Co now owns 419,312 shares of the financial services provider’s stock valued at $7,724,000 after acquiring an additional 27,610 shares during the period. Institutional investors own 2.96% of the company’s stock.

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ING Groep 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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