ING Groep (NYSE:ING - Get Free Report) announced its quarterly earnings data on Friday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07), Zacks reports. The firm had revenue of $6.36 billion for the quarter, compared to analyst estimates of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%.
ING Groep Trading Up 7.1 %
Shares of ING Groep stock opened at $20.65 on Friday. The firm has a market capitalization of $72.24 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 6.42 and a beta of 1.15. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm's 50 day moving average is $19.11 and its 200 day moving average is $17.20. ING Groep has a 1 year low of $15.09 and a 1 year high of $20.79.
ING Groep Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a $0.6526 dividend. This is an increase from ING Groep's previous semi-annual dividend of $0.17. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. ING Groep's dividend payout ratio (DPR) is presently 61.61%.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded shares of ING Groep from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ING Groep has a consensus rating of "Moderate Buy".
Get Our Latest Stock Report on ING Groep
About ING Groep
(
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ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.
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