ING Group (NYSE:ING)’s share price reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $15.53 and last traded at $15.57, with a volume of 135626 shares changing hands. The stock had previously closed at $15.61.
Several equities analysts have recently issued reports on ING shares. Zacks Investment Research lowered shares of ING Group from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. ValuEngine downgraded shares of ING Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, UBS reissued a “buy” rating on shares of ING Group in a research report on Tuesday, April 24th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. ING Group has an average rating of “Buy” and an average target price of $18.00.
The stock has a market cap of $61.16 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.50 and a beta of 1.34. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.09 and a current ratio of 1.09.
Institutional investors and hedge funds have recently made changes to their positions in the stock. We Are One Seven LLC bought a new stake in shares of ING Group during the fourth quarter valued at approximately $101,000. Private Capital Group LLC increased its position in shares of ING Group by 797.9% during the first quarter. Private Capital Group LLC now owns 8,279 shares of the financial services provider’s stock valued at $140,000 after acquiring an additional 7,357 shares in the last quarter. Signaturefd LLC bought a new stake in shares of ING Group during the first quarter valued at approximately $186,000. Miles Capital Inc. bought a new stake in shares of ING Group during the first quarter valued at approximately $190,000. Finally, Icon Wealth Partners LLC bought a new stake in shares of ING Group during the fourth quarter valued at approximately $202,000. 3.31% of the stock is owned by institutional investors.
About ING Group
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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