ING Groep (NYSE:ING) Given Average Recommendation of “Moderate Buy” by Brokerages

ING Groep (NYSE:INGGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

ING has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of ING Groep from a “neutral” rating to a “buy” rating in a research report on Thursday, March 27th. Cfra Research upgraded shares of ING Groep from a “moderate sell” rating to a “hold” rating in a report on Tuesday, May 6th.

Check Out Our Latest Analysis on ING

Hedge Funds Weigh In On ING Groep

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in ING Groep during the 4th quarter valued at about $14,375,000. Oppenheimer Asset Management Inc. increased its holdings in ING Groep by 18.7% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 92,045 shares of the financial services provider’s stock valued at $1,442,000 after acquiring an additional 14,476 shares in the last quarter. ABC Arbitrage SA purchased a new position in ING Groep during the 4th quarter valued at about $10,129,000. Y Intercept Hong Kong Ltd increased its holdings in ING Groep by 97.4% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 51,922 shares of the financial services provider’s stock valued at $814,000 after acquiring an additional 25,624 shares in the last quarter. Finally, Boston Partners increased its holdings in ING Groep by 33.2% during the 4th quarter. Boston Partners now owns 166,401 shares of the financial services provider’s stock valued at $2,614,000 after acquiring an additional 41,457 shares in the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Groep Stock Up 1.0%

Shares of ING Groep stock opened at $20.71 on Thursday. The company has a market cap of $72.43 billion, a P/E ratio of 9.68, a PEG ratio of 6.42 and a beta of 1.15. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. ING Groep has a one year low of $15.09 and a one year high of $20.84. The firm has a fifty day moving average of $19.37 and a two-hundred day moving average of $17.34.

ING Groep (NYSE:INGGet Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The firm had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, analysts forecast that ING Groep will post 2.14 earnings per share for the current year.

ING Groep Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a $0.6526 dividend. This represents a dividend yield of 5.1%. The ex-dividend date was Friday, April 25th. This is an increase from ING Groep’s previous semi-annual dividend of $0.17. ING Groep’s dividend payout ratio (DPR) is currently 64.45%.

About ING Groep

(Get Free Report

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.

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Analyst Recommendations for ING Groep (NYSE:ING)

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