ING Group, N.V. (ING) - What Are Analysts Saying About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus: Nine analysts rate ING Group a buy, four recommend holding, and one gives it a strong buy rating. The average 12-month price target is $34.50.
• Recent earnings fell slightly short of expectations: ING reported quarterly EPS of $0.74 versus the $0.79 consensus estimate, while revenue of $7.05 billion was nearly in line with forecasts.
• Shares trade at $32.83: ING has a $93.88 billion market capitalization, a P/E ratio of 12.25, and institutional investors own 4.49% of the stock.

ING Group, N.V. (NYSE:ING - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $34.50.

A number of research analysts have weighed in on ING shares. Jefferies Financial Group reaffirmed a "neutral" rating on shares of ING Group in a report on Thursday, September 17th. The Goldman Sachs Group reiterated a "buy" rating on shares of ING Group in a research report on Friday, August 7th. JPMorgan Chase & Co. reissued a "buy" rating on shares of ING Group in a research note on Thursday, October 1st. UBS Group restated a "buy" rating on shares of ING Group in a research report on Friday, July 31st. Finally, Zacks Research upgraded ING Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th.

Institutional Trading of ING Group

A number of institutional investors and hedge funds have recently made changes to their positions in ING. West Financial Advisors LLC purchased a new position in shares of ING Group in the third quarter valued at approximately $26,000. Evergreen Advisors LLC acquired a new stake in shares of ING Group in the first quarter worth approximately $28,000. Financial Network Wealth Advisors LLC increased its position in shares of ING Group by 62.1% during the third quarter. Financial Network Wealth Advisors LLC now owns 963 shares of the financial services provider's stock worth $34,000 after purchasing an additional 369 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of ING Group during the third quarter worth approximately $46,000. Finally, Whipplewood Advisors LLC raised its stake in ING Group by 1,645.5% in the 1st quarter. Whipplewood Advisors LLC now owns 2,112 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 1,991 shares during the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

ING Group Trading Up 0.8%

ING Group stock opened at $32.83 on Thursday. ING Group has a 12 month low of $24.08 and a 12 month high of $37.52. The stock's 50 day simple moving average is $35.01 and its two-hundred day simple moving average is $31.25. The firm has a market cap of $93.88 billion, a PE ratio of 12.25, a P/E/G ratio of 0.85 and a beta of 0.87.

ING Group (NYSE:ING - Get Free Report) last posted its earnings results on Thursday, October 29th. The financial services provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.05). ING Group had a net margin of 28.15% and a return on equity of 12.59%. The firm had revenue of $7.05 billion for the quarter, compared to analysts' expectations of $7.06 billion. On average, equities research analysts forecast that ING Group will post 2.76 EPS for the current year.

ING Group Company Profile

ING Groep N.V. is a Netherlands-based international banking group headquartered in Amsterdam. Through its principal banking operations, ING provides retail and commercial banking services to individuals, businesses and institutions, with a strong emphasis on digital banking and mobile financial services.

The company's products and services include current and savings accounts, consumer and residential lending, business loans, payments, investment services, and wholesale banking. Its wholesale banking operations serve corporate and institutional clients with services such as lending, transaction banking, financial markets, and corporate finance.

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