UBS restated their buy rating on shares of ING Groep (NYSE:ING) in a research report sent to investors on Tuesday morning, www.boersen-zeitung.de reports.
ING has been the subject of a number of other research reports. ValuEngine downgraded shares of ING Groep from a strong-buy rating to a buy rating in a research report on Tuesday, April 3rd. Zacks Investment Research raised shares of ING Groep from a hold rating to a buy rating and set a $21.00 price objective for the company in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $18.00.
ING opened at $17.60 on Tuesday. The company has a market cap of $68,467.63, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. ING Groep has a 1 year low of $16.19 and a 1 year high of $20.58. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.09 and a quick ratio of 1.09.
ING Groep (NYSE:ING) last posted its earnings results on Wednesday, January 31st. The financial services provider reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $5.14 billion during the quarter. ING Groep had a net margin of 27.70% and a return on equity of 10.22%. analysts expect that ING Groep will post 1.71 earnings per share for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 26th will be given a $0.5344 dividend. This is an increase from ING Groep’s previous semiannual dividend of $0.45. The ex-dividend date is Wednesday, April 25th. This represents a yield of 5.77%. ING Groep’s dividend payout ratio (DPR) is 42.36%.
Large investors have recently modified their holdings of the business. We Are One Seven LLC acquired a new stake in ING Groep in the fourth quarter valued at approximately $101,000. Icon Wealth Partners LLC acquired a new stake in ING Groep in the fourth quarter valued at approximately $202,000. Portland Investment Counsel Inc. acquired a new stake in ING Groep in the fourth quarter valued at approximately $222,000. Renaissance Technologies LLC acquired a new stake in ING Groep in the fourth quarter valued at approximately $222,000. Finally, 180 Wealth Advisors LLC acquired a new stake in ING Groep in the fourth quarter valued at approximately $225,000. 3.23% of the stock is owned by institutional investors.
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About ING Groep
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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