ING Group (NYSE:ING) Stock Rating Upgraded by Barclays

ING Group (NYSE:ING - Get Free Report) was upgraded by equities researchers at Barclays from an "equal weight" rating to an "overweight" rating in a report released on Tuesday, Marketbeat Ratings reports.

Several other research firms have also issued reports on ING. Cfra Research upgraded shares of ING Group from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised shares of ING Group from a "neutral" rating to a "buy" rating in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

ING Group Stock Down 0.6%

ING stock opened at $22.60 on Tuesday. The firm has a market cap of $79.04 billion, a PE ratio of 10.71, a PEG ratio of 1.83 and a beta of 1.11. ING Group has a 1 year low of $15.09 and a 1 year high of $23.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.86. The company has a fifty day simple moving average of $21.36 and a 200 day simple moving average of $19.13.

ING Group (NYSE:ING - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The firm had revenue of $6.36 billion during the quarter, compared to analyst estimates of $5.74 billion. ING Group had a return on equity of 11.68% and a net margin of 27.70%. Sell-side analysts anticipate that ING Group will post 2.14 EPS for the current fiscal year.

Institutional Trading of ING Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD purchased a new position in ING Group in the 1st quarter worth about $36,062,000. Northern Trust Corp increased its position in shares of ING Group by 48.2% during the 4th quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock valued at $65,205,000 after purchasing an additional 1,353,054 shares during the last quarter. Millennium Management LLC increased its position in shares of ING Group by 197.6% during the 1st quarter. Millennium Management LLC now owns 1,667,239 shares of the financial services provider's stock valued at $32,661,000 after purchasing an additional 1,106,926 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ING Group during the 4th quarter valued at about $14,375,000. Finally, Natixis Advisors LLC increased its position in shares of ING Group by 25.7% during the 1st quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider's stock valued at $83,274,000 after purchasing an additional 869,281 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other 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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