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NYSE:ING

ING Groep (ING) Stock Price, News & Analysis

$16.72
-0.68 (-3.91%)
(As of 06/13/2024 ET)
Today's Range
$16.67
$17.00
50-Day Range
$15.63
$18.04
52-Week Range
$12.44
$18.04
Volume
2.75 million shs
Average Volume
1.63 million shs
Market Capitalization
$58.47 billion
P/E Ratio
7.40
Dividend Yield
8.26%
Price Target
N/A

ING Groep MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.98mentions of ING Groep in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.45%
From $2.01 to $2.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.04 out of 5 stars

Finance Sector

497th out of 868 stocks

Commercial Banks, Not Elsewhere Classified Industry

19th out of 27 stocks

ING stock logo

About ING Groep Stock (NYSE:ING)

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. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

ING Stock Price History

ING Stock News Headlines

ING Groep (NYSE:ING) Upgraded at Barclays
Gold prices make minor gain
ING Groep: Strong Capital Returns Ahead
See More Headlines

Company Calendar

Ex-Dividend for 5/10 Dividend
4/24/2024
Last Earnings
5/02/2024
Dividend Payable
5/10/2024
Today
6/14/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Commercial banks, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
46,000
Year Founded
1991

Profitability

Net Income
$4.48 billion
Pretax Margin
11.11%

Debt

Sales & Book Value

Annual Sales
$22.42 billion
Cash Flow
$2.36 per share
Book Value
$17.21 per share

Miscellaneous

Outstanding Shares
3,498,194,000
Free Float
N/A
Market Cap
$58.47 billion
Optionable
Optionable
Beta
1.54

Social Links

Key Executives

  • Mr. Steven J. A. van Rijswijk (Age 54)
    CEO and Chairman of the Executive Board & Management Board Banking
    Comp: $2.79M
  • Mr. Tanate Phutrakul (Age 59)
    CFO and Member of the Executive Board & Management Board Banking
    Comp: $1.97M
  • Ms. Ljiljana Cortan (Age 53)
    Chief Risk Officer and Member of the Executive Board & Management Board Banking
    Comp: $2.08M
  • Ms. Pinar Abay (Age 47)
    Head of Retail, Market Leaders, Challengers & Growth Markets and Member of Management Board Banking
  • Mr. Andrew John Milton Bester (Age 59)
    Head of Wholesale Banking and Member of the Executive Board & Management Board Banking
  • Mr. Marnix van Stiphout (Age 54)
    CTO, COO, Chief Transformation Officer & Member of Management Board Banking
  • Mr. Erwin H. M. Olijslager
    Principal Accounting Officer
  • Mr. Han-Tsung Ho
    Executive Director
  • Rob Van Veldhuizen
    Head of Corporate Finance Benelux
  • Mr. Sjoerd Miltenburg
    Head of Investor Relations

Should I Buy ING Groep Stock? ING Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in ING Groep:

  • ING Groep's stock price is currently trading at $17.61, showing stability and potential for growth in the market.
  • ING Groep recently increased its dividend payout, providing investors with a higher yield of 6.8% compared to its previous dividend.
  • ING Groep has a market capitalization of $61.59 billion, indicating a strong presence and stability in the financial sector.
  • ING Groep's PE ratio of 7.79 suggests the stock may be undervalued, offering a potential opportunity for investors.
  • ING Groep has shown consistent growth with a 1-year high of $17.82, indicating positive momentum in the stock price.

Cons

Investors should be bearish about investing in ING Groep for these reasons:

  • ING Groep's debt-to-equity ratio of 2.24 is relatively high, indicating higher financial leverage and potential risks for investors.
  • ING Groep's beta of 1.56 suggests the stock is more volatile compared to the market average, posing risks for investors during market fluctuations.
  • ING Groep's payout ratio of 61.06% indicates a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.
  • ING Groep's quick ratio and current ratio of 1.12 each may raise concerns about the company's short-term liquidity and ability to cover immediate financial obligations.
  • ING Groep's 200-day moving average price of $14.76 may indicate a potential resistance level for the stock, impacting short-term price movements.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 11, 2024. Please send any questions or comments about these ING Groep pros and cons to contact@marketbeat.com.

ING Stock Analysis - Frequently Asked Questions

Should I buy or sell ING Groep stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ING Groep in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ING shares.
View ING analyst ratings
or view top-rated stocks.

How have ING shares performed in 2024?

ING Groep's stock was trading at $15.02 at the start of the year. Since then, ING stock has increased by 11.3% and is now trading at $16.7150.
View the best growth stocks for 2024 here
.

Are investors shorting ING Groep?

ING Groep saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 4,320,000 shares, an increase of 9.6% from the May 15th total of 3,940,000 shares. Based on an average daily trading volume, of 2,680,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.1% of the company's stock are short sold.
View ING Groep's Short Interest
.

When is ING Groep's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our ING earnings forecast
.

How were ING Groep's earnings last quarter?

ING Groep (NYSE:ING) posted its quarterly earnings results on Thursday, May, 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The financial services provider earned $6.06 billion during the quarter. ING Groep had a trailing twelve-month return on equity of 13.22% and a net margin of 32.20%.

How often does ING Groep pay dividends? What is the dividend yield for ING Groep?

ING Groep declared a Semi-Annual dividend on Thursday, March 7th. Shareholders of record on Thursday, April 25th will be given a dividend of $0.697 per share on Friday, May 10th. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a boost from the stock's previous Semi-Annual dividend of $0.43.
Read our dividend analysis for ING
.

Is ING Groep a good dividend stock?

ING Groep (NYSE:ING) pays an annual dividend of $1.38 per share and currently has a dividend yield of 7.96%. ING has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 61.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ING will have a dividend payout ratio of 62.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ING.

What is Ralph Hamers' approval rating as ING Groep's CEO?

470 employees have rated ING Groep Chief Executive Officer Ralph Hamers on Glassdoor.com. Ralph Hamers has an approval rating of 86% among the company's employees.

What other stocks do shareholders of ING Groep own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ING Groep investors own include AT&T (T), Pfizer (PFE), Bank of America (BAC), Gilead Sciences (GILD), Verizon Communications (VZ), Cisco Systems (CSCO), General Electric (GE), Johnson & Johnson (JNJ), Wells Fargo & Company (WFC) and

Who are ING Groep's major shareholders?

ING Groep's stock is owned by many different retail and institutional investors. Top institutional shareholders include Lazard Asset Management LLC (0.14%), Teachers Retirement System of The State of Kentucky (0.05%), Guardian Capital Advisors LP (0.02%), BNP Paribas Financial Markets (0.02%), Sei Investments Co. (0.02%) and Price T Rowe Associates Inc. MD (0.02%).

How do I buy shares of ING Groep?

Shares of ING stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ING Groep have any subsidiaries?
The following companies are subsidiares of ING Groep: 3W Holding B.V., Bank Mendes Gans N.V., CitiStreet, ING Bank (Australia) Ltd, ING Bank A.S., ING Bank N.V., ING Bank Slaski S.A., ING Belgium S.A./N.V., ING Commercial Finance B.V., ING Financial Holdings Corporation, ING Groenbank N.V., ING Luxembourg S.A., ING-DiBa AG, Interhyp AG, Intersoftware Group B.V, Makelaarsland B.V., Oyak Emeklilik, and Payvision Holding B.V.
Read More
This page (NYSE:ING) was last updated on 6/14/2024 by MarketBeat.com Staff

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