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

Shares of ING Group, N.V. (NYSE:ING) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several research firms have weighed in on ING. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Zacks Research cut ING Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th.

ING Group Stock Performance

Shares of NYSE:ING opened at $32.84 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The company has a 50-day moving average price of $31.29 and a 200-day moving average price of $29.34. The company has a market cap of $93.93 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.82 and a beta of 0.85. ING Group has a 12 month low of $22.53 and a 12 month high of $33.46.

ING Group (NYSE:ING) last posted its 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 company had revenue of $616.97 million for the quarter, compared to analysts’ expectations of $6.86 billion. As a group, equities analysts anticipate that ING Group will post 2.87 EPS for the current year.

Institutional Trading of ING Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. boosted its stake in shares of ING Group by 3.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 10,309 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 349 shares during the period. CIBC Private Wealth Group LLC raised its position in ING Group by 4.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 361 shares during the period. Aprio Wealth Management LLC raised its position in ING Group by 1.6% in the 4th quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 370 shares during the period. Quadrant Capital Group LLC lifted its stake in ING Group by 0.4% in the fourth quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock worth $2,973,000 after purchasing an additional 374 shares during the last quarter. Finally, Binnacle Investments Inc boosted its position in shares of ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after buying an additional 395 shares during the period. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

About ING Group

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.