ING Groep (ING) Hits New 12-Month Low at $11.40

ING Groep NV (NYSE:ING)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.40 and last traded at $11.52, with a volume of 308800 shares. The stock had previously closed at $11.93.

A number of equities analysts have recently issued reports on ING shares. Morgan Stanley upgraded shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of ING Groep from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. JPMorgan Chase & Co. lowered shares of ING Groep from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. Royal Bank of Canada reiterated a “neutral” rating on shares of ING Groep in a research report on Thursday, November 1st. Finally, ValuEngine upgraded shares of ING Groep from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.00.

The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 8.00 and a beta of 1.22.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.23 earnings per share for the quarter. The business had revenue of $5.40 billion during the quarter. ING Groep had a net margin of 24.83% and a return on equity of 9.05%. Equities analysts anticipate that ING Groep NV will post 1.5 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of ING. NWQ Investment Management Company LLC raised its stake in shares of ING Groep by 44.6% during the third quarter. NWQ Investment Management Company LLC now owns 4,503,821 shares of the financial services provider’s stock worth $57,424,000 after buying an additional 1,388,181 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of ING Groep by 33.0% during the third quarter. Wells Fargo & Company MN now owns 3,972,856 shares of the financial services provider’s stock worth $51,528,000 after buying an additional 986,601 shares during the last quarter. Boston Partners bought a new stake in shares of ING Groep during the second quarter worth approximately $13,716,000. Morgan Stanley raised its stake in shares of ING Groep by 13.2% during the third quarter. Morgan Stanley now owns 7,604,904 shares of the financial services provider’s stock worth $98,636,000 after buying an additional 888,075 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of ING Groep by 579.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 833,372 shares of the financial services provider’s stock worth $55,000,000 after buying an additional 710,699 shares during the last quarter. 3.47% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/12/06/ing-groep-ing-hits-new-12-month-low-at-11-40.html.

About ING Groep (NYSE:ING)

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.

Featured Story: Put Option

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply