ING Group, N.V. (NYSE:ING) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• ING Group has received a consensus rating of "Moderate Buy" from six ratings firms, with three hold recommendations, two buy recommendations, and one strong buy recommendation.
• The company reported $0.64 earnings per share for the latest quarter, exceeding consensus estimates of $0.59, and had a revenue of $6.55 billion, surpassing expectations of $6.40 billion.
• ING Group has recently announced a semi-annual dividend of $0.4002 per share, yielding 450.0%, with a dividend payout ratio of 31.80% for the company.

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

A number of research analysts have issued reports on the company. Cfra Research upgraded ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Barclays upgraded ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th.

Institutional Investors Weigh In On ING Group

Several large investors have recently made changes to their positions in the business. Legacy Advisors LLC purchased a new position in shares of ING Group during the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. increased its stake in shares of ING Group by 135.3% during the first quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider's stock valued at $31,000 after buying an additional 912 shares during the period. Rexford Capital Inc. purchased a new position in shares of ING Group during the second quarter valued at approximately $33,000. V Square Quantitative Management LLC purchased a new position in shares of ING Group during the second quarter valued at approximately $37,000. Finally, Redwood Investments LLC purchased a new position in shares of ING Group during the fourth quarter valued at approximately $41,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Group Stock Performance

ING Group stock traded down $0.21 during mid-day trading on Friday, hitting $24.67. 3,287,086 shares of the company's stock traded hands, compared to its average volume of 2,768,144. The firm has a 50 day simple moving average of $22.58 and a two-hundred day simple moving average of $20.37. ING Group has a fifty-two week low of $15.09 and a fifty-two week high of $25.11. The stock has a market cap of $77.65 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.79 and a beta of 1.14. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12.

ING Group (NYSE:ING - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. ING Group had a return on equity of 11.62% and a net margin of 27.28%. On average, research analysts expect that ING Group will post 2.14 EPS for the current fiscal year.

ING Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be given a dividend of $0.4002 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a dividend yield of 450.0%. ING Group's dividend payout ratio (DPR) is currently 31.80%.

ING Group Company Profile

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.