ING Group, N.V. (NYSE:ING) Given Average Rating of "Moderate Buy" by Analysts

Shares of ING Group, N.V. (NYSE:ING - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts recently commented on ING shares. Barclays raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, July 15th. Cfra Research raised shares of ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group raised shares of ING Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bartlett & CO. Wealth Management LLC raised its stake in ING Group by 14.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 4,000 shares of the financial services provider's stock worth $87,000 after acquiring an additional 500 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in ING Group by 4.4% during the first quarter. Kestra Private Wealth Services LLC now owns 12,705 shares of the financial services provider's stock worth $249,000 after acquiring an additional 530 shares in the last quarter. Huntington National Bank raised its stake in ING Group by 1.7% during the fourth quarter. Huntington National Bank now owns 35,030 shares of the financial services provider's stock worth $549,000 after acquiring an additional 597 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of ING Group by 6.5% during the first quarter. Wedmont Private Capital now owns 11,415 shares of the financial services provider's stock valued at $208,000 after purchasing an additional 693 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its stake in shares of ING Group by 6.5% during the first quarter. Drive Wealth Management LLC now owns 11,609 shares of the financial services provider's stock valued at $227,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company's stock.

ING Group Stock Performance

NYSE:ING traded up $0.07 during mid-day trading on Tuesday, hitting $23.76. The stock had a trading volume of 494,672 shares, compared to its average volume of 2,767,449. ING Group has a twelve month low of $15.09 and a twelve month high of $23.90. The stock has a market cap of $83.10 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 1.92 and a beta of 1.11. The company's 50 day simple moving average is $21.75 and its 200 day simple moving average is $19.49. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.12 and a current ratio of 1.12.

ING Group (NYSE:ING - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.07). ING Group had a net margin of 27.70% and a return on equity of 11.68%. The company had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. On average, equities research analysts forecast that ING Group will post 2.14 earnings per share for the current year.

About ING Group

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.