ING Groep (NYSE:ING) Receives Consensus Rating of “Moderate Buy” from Analysts

ING Groep (NYSE:ING) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have commented on ING shares. The Goldman Sachs Group raised shares of ING Groep from a “neutral” rating to a “buy” rating in a research note on Thursday, March 27th. Cfra Research raised shares of ING Groep from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, May 6th.

Hedge Funds Weigh In On ING Groep

A number of large investors have recently made changes to their positions in ING. Price T Rowe Associates Inc. MD purchased a new position in shares of ING Groep during the 1st quarter worth about $36,062,000. Northern Trust Corp boosted its stake in shares of ING Groep by 48.2% during the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider’s stock worth $65,205,000 after purchasing an additional 1,353,054 shares during the period. Millennium Management LLC boosted its stake in shares of ING Groep by 197.6% during the 1st quarter. Millennium Management LLC now owns 1,667,239 shares of the financial services provider’s stock worth $32,661,000 after purchasing an additional 1,106,926 shares during the period. Raymond James Financial Inc. purchased a new position in shares of ING Groep during the 4th quarter worth about $14,375,000. Finally, Natixis Advisors LLC boosted its stake in shares of ING Groep by 25.7% during the 1st quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider’s stock worth $83,274,000 after purchasing an additional 869,281 shares during the period. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Stock Performance

Shares of NYSE ING opened at $21.25 on Monday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $74.34 billion, a P/E ratio of 9.93, a P/E/G ratio of 6.42 and a beta of 1.15. The firm’s fifty day moving average is $19.67 and its two-hundred day moving average is $17.81. ING Groep has a 52-week low of $15.09 and a 52-week high of $21.76.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The company had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. ING Groep had a net margin of 28.30% and a return on equity of 11.81%. As a group, analysts anticipate that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.6526 dividend. This is a boost from ING Groep’s previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date was Friday, April 25th. ING Groep’s dividend payout ratio (DPR) is presently 64.45%.

ING Groep Company Profile

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.