ING Group (NYSE:ING) Raised to Overweight at 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 research note issued to investors on Tuesday, MarketBeat reports.

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

ING Group Price Performance

Shares of NYSE:ING traded up $0.04 during midday trading on Tuesday, reaching $22.77. The company's stock had a trading volume of 2,556,490 shares, compared to its average volume of 2,359,883. The business's fifty day simple moving average is $21.51 and its 200-day simple moving average is $19.22. The company has a market capitalization of $79.65 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.83 and a beta of 1.11. ING Group has a fifty-two week low of $15.09 and a fifty-two week high of $23.25. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.12 and a quick 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 firm had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $5.74 billion. As a group, equities research analysts expect that ING Group will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Legacy Advisors LLC bought a new stake in ING Group during the first quarter worth about $28,000. SBI Securities Co. Ltd. raised its holdings in 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 worth $31,000 after acquiring an additional 912 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in ING Group during the second quarter worth about $37,000. Maseco LLP bought a new stake in ING Group during the second quarter worth about $48,000. Finally, Redwood Investments LLC acquired a new position in ING Group during the fourth quarter worth approximately $41,000. 4.49% of the stock is owned by institutional investors and hedge funds.

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.