ING Groep (NYSE:ING - Get Free Report)'s share price reached a new 52-week high on Monday . The company traded as high as $20.81 and last traded at $20.79, with a volume of 31183 shares traded. The stock had previously closed at $20.49.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. 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. Cfra Research raised shares of ING Groep from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ING Groep presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on ING Groep
ING Groep Stock Performance
The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The business has a fifty day simple moving average of $19.34 and a 200-day simple moving average of $17.32. The firm has a market cap of $72.54 billion, a P/E ratio of 9.69, a P/E/G ratio of 6.42 and a beta of 1.15.
ING Groep (NYSE:ING - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). The business had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $5.74 billion. ING Groep had a return on equity of 11.81% and a net margin of 28.30%. On average, sell-side analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.
ING Groep Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were given a dividend of $0.6526 per share. This is a positive change 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 was Friday, April 25th. ING Groep's dividend payout ratio is currently 64.45%.
Institutional Investors Weigh In On ING Groep
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in ING Groep by 21.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 209,771 shares of the financial services provider's stock valued at $4,109,000 after buying an additional 37,704 shares during the period. Zions Bancorporation National Association UT bought a new position in ING Groep during the first quarter valued at $1,871,000. National Bank of Canada FI raised its holdings in shares of ING Groep by 1,434.0% in the 1st quarter. National Bank of Canada FI now owns 405,101 shares of the financial services provider's stock valued at $7,932,000 after purchasing an additional 378,693 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of ING Groep by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,836 shares of the financial services provider's stock worth $232,000 after acquiring an additional 1,189 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in ING Groep by 21.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 285,853 shares of the financial services provider's stock worth $5,600,000 after purchasing an additional 51,324 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.
About ING Groep
(
Get Free Report)
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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