ING Groep NV (NYSE:ING) gapped up before the market opened on Monday . The stock had previously closed at $11.12, but opened at $11.39. ING Groep shares last traded at $11.55, with a volume of 3,637,500 shares changing hands.
A number of research analysts have commented on the stock. Exane BNP Paribas downgraded shares of ING Groep from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. ValuEngine raised shares of ING Groep from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Tuesday, October 15th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.08.
The business’s 50-day moving average price is $10.47 and its 200-day moving average price is $11.14. The company has a current ratio of 0.96, a quick ratio of 1.13 and a debt-to-equity ratio of 2.34. The stock has a market cap of $44.02 billion, a PE ratio of 7.04, a P/E/G ratio of 3.99 and a beta of 1.34.
ING Groep (NYSE:ING) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $5.24 billion for the quarter. ING Groep had a net margin of 24.99% and a return on equity of 8.83%. As a group, analysts predict that ING Groep NV will post 1.45 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. purchased a new stake in ING Groep during the 2nd quarter worth approximately $34,000. Carroll Financial Associates Inc. grew its position in ING Groep by 40.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,088 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in ING Groep during the 2nd quarter worth approximately $43,000. Whittier Trust Co. grew its position in ING Groep by 525.0% during the 3rd quarter. Whittier Trust Co. now owns 5,075 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 4,263 shares during the last quarter. Finally, Kistler Tiffany Companies LLC purchased a new stake in ING Groep during the 3rd quarter worth approximately $57,000. 3.24% of the stock is currently owned by institutional investors.
ING Groep Company Profile (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.
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