ING Group (NYSE:ING) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• ING Group shares rose above their 200-day moving average, reaching $35.87 and last trading at $35.61, versus a 200-day average of $29.96.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy”; Weiss Ratings upgraded the stock to “buy (a-)” and Zacks Research raised its view from “strong sell” to “hold.”
• ING exceeded quarterly earnings expectations, reporting $0.79 EPS versus $0.75 expected, although revenue of $4.76 billion fell short of the $6.99 billion consensus estimate. The company also declared a $0.458-per-share dividend.

ING Group, N.V. (NYSE:ING - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.96 and traded as high as $35.87. ING Group shares last traded at $35.6050, with a volume of 1,405,221 shares traded.

Analyst Upgrades and Downgrades

ING has been the topic of a number of analyst reports. Weiss Ratings upgraded ING Group from a "buy (b)" rating to a "buy (a-)" rating in a research report on Thursday, July 30th. Zacks Research upgraded ING Group from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

ING Group Stock Performance

The stock's 50 day moving average price is $32.51 and its 200 day moving average price is $29.96. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.10. The company has a market capitalization of $101.83 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85.

ING Group (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The company had revenue of $4.76 billion during the quarter, compared to analysts' expectations of $6.99 billion. ING Group had a net margin of 28.15% and a return on equity of 12.59%. As a group, equities analysts expect that ING Group, N.V. will post 2.82 EPS for the current year.

ING Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.458 per share. This represents a yield of 260.0%. The ex-dividend date is Monday, August 10th. ING Group's dividend payout ratio (DPR) is presently 29.10%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Amundi bought a new stake in shares of ING Group during the 1st quarter valued at about $760,000. AQR Capital Management LLC increased its holdings in ING Group by 27.0% in the first quarter. AQR Capital Management LLC now owns 87,240 shares of the financial services provider's stock worth $1,709,000 after purchasing an additional 18,562 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in ING Group by 5.4% in the first quarter. Integrated Wealth Concepts LLC now owns 21,329 shares of the financial services provider's stock worth $418,000 after purchasing an additional 1,094 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in ING Group by 19.5% in the second quarter. Sivia Capital Partners LLC now owns 16,823 shares of the financial services provider's stock valued at $368,000 after buying an additional 2,745 shares during the period. Finally, Invesco Ltd. lifted its stake in ING Group by 28.9% in the second quarter. Invesco Ltd. now owns 47,534 shares of the financial services provider's stock valued at $1,040,000 after buying an additional 10,650 shares during the period. 4.49% of the stock is owned by institutional investors.

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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