NYSE:INGING Groep Stock Price, Forecast & News

$6.38

-0.16 (-2.45 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$6.32

Now: $6.38▼

$6.53

50-Day Range

$4.93

MA: $5.46▼

$6.59

52-Week Range

$4.52

Now: $6.38▼

$12.44

Volume8.73 million shs

Average Volume7.08 million shs

Market Capitalization$24.86 billion

P/E Ratio5.06

Dividend Yield3.42%

Beta1.55

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans. It also provides mortgage, payment, savings, investment, and secured and unsecured lending products and services. In addition, the company offers specialized lending, corporate finance, and debt and equity markets solutions, as well as working capital, cash management, and trade and treasury services; and financial market, trade finance, overdraft, and foreign exchange transaction services. The company operates in the Netherlands, Belgium, North America, Latin America, Asia, Australia, and rest of Europe. ING Groep N.V. was founded in 1991 and is headquartered in Amsterdam, the Netherlands.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
ING Groep has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.08, ING Groep has a potential upside of 42.2% from its current price of $6.38.
Amount of Analyst Coverage
ING Groep has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
ING Groep has received 435 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
ING Groep has received 700 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
ING Groep has received 61.67% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about ING Groep and other stocks. Vote “Outperform” if you believe ING will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ING will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
ING Groep is a leading dividend payer. It pays a dividend yield of 3.42%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ING Groep has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of ING Groep is 15.94 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ING Groep will have a dividend payout ratio of 22.00 % next year. This indicates that ING Groep will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ING Groep insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 4.09% of the stock of ING Groep is held by institutions.

3.1 Earnings and Valuation

Earnings Growth
Earnings for ING Groep are expected to grow by 33.33% in the coming year, from $0.75 to $1.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ING Groep is 5.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of ING Groep is 5.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.00.
Price to Earnings Growth Ratio
ING Groep has a PEG Ratio of 1.82. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ING Groep has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.33 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:ING

Previous Symbol

CUSIPN/A

CIK1039765

Webwww.ing.com

Phone31-20-563-9111

Debt

Debt-to-Equity Ratio2.25

Current Ratio1.13

Quick Ratio1.13

Price-To-Earnings

Trailing P/E Ratio5.06

Forward P/E Ratio8.51

P/E Growth1.82

Sales & Book Value

Annual Sales$20.51 billion

Price / Sales1.21

Cash Flow$1.60 per share

Price / Cash Flow3.98

Book Value$15.65 per share

Price / Book0.41

Profitability

EPS (Most Recent Fiscal Year)$1.38

Net Income$4.37 billion

Net Margins23.79%

Return on Equity8.15%

Return on Assets0.47%

Miscellaneous

Employees52,233

Outstanding Shares3,896,730,000

Market Cap$24.86 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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ING Groep (NYSE:ING) Frequently Asked Questions

How has ING Groep's stock been impacted by COVID-19 (Coronavirus)?

ING Groep's stock was trading at $6.94 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ING shares have decreased by 8.1% and is now trading at $6.38. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of ING Groep?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ING Groep in the last year. There are currently 6 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for ING Groep.

When is ING Groep's next earnings date?

ING Groep is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for ING Groep.

How were ING Groep's earnings last quarter?

ING Groep NV (NYSE:ING) announced its quarterly earnings results on Wednesday, May, 10th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.02. The financial services provider had revenue of $4.68 billion for the quarter. ING Groep had a net margin of 23.79% and a return on equity of 8.15%. View ING Groep's earnings history.

What price target have analysts set for ING?

11 analysts have issued 12-month price targets for ING Groep's stock. Their forecasts range from $7.00 to $11.15. On average, they expect ING Groep's share price to reach $9.08 in the next year. This suggests a possible upside of 42.2% from the stock's current price. View analysts' price targets for ING Groep.

Has ING Groep been receiving favorable news coverage?

News stories about ING stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ING Groep earned a news sentiment score of -3.4 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutING Groep.

Who are some of ING Groep's key competitors?

Some companies that are related to ING Groep include Royal Bank of Canada (RY), Toronto-Dominion Bank (TD), HDFC Bank (HDB), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Sumitomo Mitsui Financial Grp (SMFG), Westpac Banking (WBK), Banco Santander (SAN), ANZ (ANZBY), Bank of Montreal (BMO), Boc Hong Kong (BHKLY), HANG SENG BK LT/S (HSNGY), Canadian Imperial Bank of Commerce (CM), ICICI Bank (IBN) and NORDEA Bk AB SW/S (NRDBY). View all competitors.

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), Bank of America (BAC), Verizon Communications (VZ), General Electric (GE), Pfizer (PFE), Gilead Sciences (GILD), Cisco Systems (CSCO), QUALCOMM (QCOM), Canopy Growth (CGC) and AbbVie (ABBV).

Who are ING Groep's key executives?

ING Groep's management team includes the following people:

Mr. Ralph A. J. G. Hamers, Chairman of the Exec. Board, CEO & Member Management Board Banking (Age 53)
Mr. Steven J. A. van Rijswijk, Chief Risk Officer, Member of the Exec. Board & Member of Management Board Banking (Age 49)
Mr. Tanate Phutrakul, CFO & Member of Exec. Board (Age 54)
Mr. Roel M. M. Louwhoff, COO, Chief Transformation Officer & Member of Mgmt. Board Banking (Age 54)
Rob Van Veldhuizen, Head of Corp. Fin. Benelux

What is ING Groep's stock symbol?

ING Groep trades on the New York Stock Exchange (NYSE) under the ticker symbol "ING."

Who are ING Groep's major shareholders?

ING Groep's stock is owned by a variety of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (1.30%), Morgan Stanley (0.50%), Morgan Stanley (0.50%), JPMorgan Chase & Co. (0.10%), Assenagon Asset Management S.A. (0.10%) and Parametric Portfolio Associates LLC (0.09%).

Which institutional investors are selling ING Groep stock?

ING stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Raymond James & Associates, Invesco Ltd., Two Sigma Investments LP, Wells Fargo & Company MN, Two Sigma Advisers LP, Envestnet Asset Management Inc., and NWQ Investment Management Company LLC.

Which institutional investors are buying ING Groep stock?

ING stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, Aperio Group LLC, Jane Street Group LLC, Parametric Portfolio Associates LLC, and Fisher Asset Management LLC.

How do I buy shares of ING Groep?

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

What is ING Groep's stock price today?

One share of ING stock can currently be purchased for approximately $6.38.

How big of a company is ING Groep?

ING Groep has a market capitalization of $24.86 billion and generates $20.51 billion in revenue each year. The financial services provider earns $4.37 billion in net income (profit) each year or $1.38 on an earnings per share basis. ING Groep employs 52,233 workers across the globe.

What is ING Groep's official website?

The official website for ING Groep is www.ing.com.

How can I contact ING Groep?

ING Groep's mailing address is Bijlmerdreef 106, Amsterdam Am, 1102 CT. The financial services provider can be reached via phone at 31-20-563-9111 or via email at [email protected]

This page was last updated on 5/31/2020 by MarketBeat.com Staff