ING Group, N.V. (NYSE:ING) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• ING Group has a “Moderate Buy” consensus rating from eight analysts: four recommend holding the stock, two rate it a buy, and two give it a strong-buy rating.
• ING reported quarterly earnings per share of $0.79, beating the $0.75 consensus estimate, while revenue reached $4.76 billion. Analysts expect full-year EPS of approximately $2.82.
• The stock opened at $35.67, near its 52-week high of $36.24, with a market capitalization of about $102 billion. The company declared a $0.458 dividend, and institutional investors currently own 4.49% of its shares.

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

A number of research analysts have recently commented on the stock. Zacks Research raised shares of ING Group from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings raised shares of ING Group from a "buy (b)" rating to a "buy (a-)" rating in a report on Thursday, July 30th.

ING Group Stock Performance

Shares of NYSE:ING opened at $35.67 on Friday. The business's 50-day simple moving average is $32.63 and its 200 day simple moving average is $30.00. The company has a market cap of $102.03 billion, a P/E ratio of 13.31, a PEG ratio of 0.93 and a beta of 0.85. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.10. ING Group has a one year low of $23.63 and a one year high of $36.24.

ING Group (NYSE:ING - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. ING Group had a return on equity of 12.59% and a net margin of 28.15%.The firm had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $6.99 billion. On average, sell-side analysts forecast that ING Group will post 2.82 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be given a $0.458 dividend. This represents a yield of 260.0%. The ex-dividend date of this dividend is Monday, August 10th. ING Group's dividend payout ratio is presently 29.10%.

Institutional Trading of ING Group

Several large investors have recently modified their holdings of ING. MidFirst Bank acquired a new position in shares of ING Group in the fourth quarter worth about $25,000. Evergreen Advisors LLC acquired a new stake in ING Group during the 1st quarter valued at approximately $28,000. Binnacle Investments Inc grew its stake in ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 395 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in ING Group by 359.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider's stock worth $31,000 after purchasing an additional 871 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in ING Group by 418.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,431 shares of the financial services provider's stock worth $40,000 after purchasing an additional 1,155 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING's principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.

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