ING Group, N.V. (NYSE:ING) Receives Average Recommendation of "Buy" from Analysts

Key Points

• ING Group, N.V. has received a consensus rating of "Buy" from seven analysts, with one hold rating, five buy ratings, and one strong buy rating.
• The company's shares are currently down 0.1%, with a price-to-earnings ratio of 11.88 and a market cap of $81.16 billion.
• ING Group recently cut its dividend, issuing a yield of 450.0% based on the latest payment, which contributed to a dividend payout ratio of 31.80%.

Shares of ING Group, N.V. (NYSE:ING - Get Free Report) have been assigned a consensus rating of "Buy" from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company.

A number of analysts have weighed in on the stock. Morgan Stanley raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, September 2nd. Barclays raised shares of ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. Cfra Research raised shares of ING Group from a "hold" rating to a "moderate buy" rating in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of ING Group in a report on Saturday, September 27th.

ING Group Stock Down 0.1%

Shares of NYSE:ING opened at $25.79 on Friday. The stock has a market capitalization of $81.16 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. ING Group has a 1-year low of $15.09 and a 1-year high of $26.27. The company's fifty day moving average is $24.64 and its two-hundred day moving average is $22.03. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12.

ING Group (NYSE:ING - Get Free Report) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.05. The company had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. Equities analysts anticipate that ING Group will post 2.14 EPS for the current year.

ING Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 11th were issued a $0.4002 dividend. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend was Monday, August 11th. ING Group's dividend payout ratio (DPR) is 31.80%.

Institutional Trading of ING Group

A number of large investors have recently modified their holdings of the company. Legacy Advisors LLC acquired a new position in ING Group during the 1st quarter valued at about $28,000. SBI Securities Co. Ltd. increased its stake in ING Group by 135.3% during the 1st 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. acquired a new position in ING Group during the 2nd quarter valued at about $33,000. V Square Quantitative Management LLC acquired a new position in ING Group during the 2nd quarter valued at about $37,000. Finally, Maseco LLP acquired a new position in ING Group during the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 4.49% of the company's stock.

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.

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