ING Group, N.V. (NYSE:ING) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

ING Group, N.V. (NYSE:ING) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms have recently weighed in on ING. Keefe, Bruyette & Woods upgraded ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Zacks Research downgraded shares of ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ING. Amundi bought a new position in ING Group in the 1st quarter worth about $760,000. AQR Capital Management LLC boosted its holdings in ING Group by 27.0% in the 1st quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 18,562 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in ING Group by 5.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider’s stock valued at $418,000 after purchasing an additional 1,094 shares during the period. Sivia Capital Partners LLC boosted its holdings in 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 valued at $368,000 after purchasing an additional 2,745 shares during the period. Finally, Invesco Ltd. boosted its position in shares of ING Group by 28.9% during the 2nd quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider’s stock valued at $1,040,000 after acquiring an additional 10,650 shares during the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Group Trading Down 0.3%

ING opened at $30.97 on Friday. The company has a market cap of $90.13 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 1.00 and a beta of 0.84. ING Group has a 1-year low of $21.41 and a 1-year high of $32.22. The company has a fifty day moving average price of $29.90 and a two-hundred day moving average price of $28.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73.

ING Group (NYSE:ING) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The business had revenue of $616.97 million during the quarter, compared to the consensus estimate of $6.86 billion. Analysts predict that ING Group will post 2.77 EPS for the current fiscal year.

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.