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

Shares of ING Group, N.V. (NYSE:ING - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of ING Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 27th. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, May 6th.

ING Group Price Performance

NYSE ING opened at $21.50 on Friday. The stock has a market capitalization of $75.19 billion, a P/E ratio of 10.19, a P/E/G ratio of 2.02 and a beta of 1.13. ING Group has a 1 year low of $15.09 and a 1 year high of $21.76. The business's fifty day moving average is $20.64 and its two-hundred day moving average is $18.50. 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 posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $5.74 billion. On average, research analysts forecast that ING Group will post 2.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ING Group

A number of large investors have recently bought and sold shares of ING. Legacy Advisors LLC acquired a new position in ING Group during the 1st quarter worth $28,000. SBI Securities Co. Ltd. raised its position 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 last quarter. Redwood Investments LLC acquired a new position in shares of ING Group during the fourth quarter valued at about $41,000. IFP Advisors Inc raised its position in shares of ING Group by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after buying an additional 621 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of ING Group during the fourth quarter valued at about $55,000. 4.49% of the stock is currently owned by institutional investors.

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.

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