ING Group (NYSE:ING) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

ING Group (NYSE:ING) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Monday, MarketBeat Ratings reports.

Several other equities research analysts have also recently weighed in on ING. Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th. Citigroup raised shares of ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Jefferies Financial Group began coverage on ING Group in a research report on Tuesday, January 27th. They issued a “hold” rating for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ING Group presently has an average rating of “Buy”.

ING Group Price Performance

Shares of ING opened at $30.95 on Monday. The business has a 50-day moving average of $28.08 and a 200-day moving average of $25.86. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $90.07 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.50 and a beta of 0.80. ING Group has a 1 year low of $16.22 and a 1 year high of $31.14.

ING Group (NYSE:ING) last announced its earnings results on Thursday, January 29th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.67 billion. As a group, equities research analysts anticipate that ING Group will post 2.14 earnings per share for the current year.

Institutional Trading of ING Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ING. Amundi bought a new position in ING Group in the first quarter worth approximately $760,000. AQR Capital Management LLC raised its position in shares of ING Group by 27.0% during the first quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock worth $1,709,000 after purchasing an additional 18,562 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of ING Group by 5.4% during the first quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock worth $418,000 after purchasing an additional 1,094 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of ING Group by 19.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 2,745 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in ING Group by 23.2% in the 2nd quarter. HB Wealth Management LLC now owns 18,817 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 3,548 shares during the period. 4.49% of the stock is owned by institutional investors.

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.