NYSE:ING

ING Groep - ING Stock Forecast, Price & News

$9.48

-0.26 (-2.67%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $9.44
▼
$9.55
50-Day Range: $8.67
▼
$10.74
52-Week Range: $8.57
▼
$15.97

Volume: 2.96 million shs
Average Volume: 6.24 million shs
Market Capitalization: $36.98 billion

P/E Ratio: 8.17
Dividend Yield: 3.08%
Price Target: $12.71

ING Groep MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 34.1% Upside
$12.71 Price Target
Short Interest: Healthy
0.15% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.09
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 27.19%
From $1.14 to $1.45 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.15 out of 5 stars

Finance Sector

42nd out of 932 stocks

Commercial Banks, Not Elsewhere Classified Industry

2nd out of 34 stocks

3.3

Analyst's Opinion

Consensus Rating
ING Groep has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.71, ING Groep has a forecasted upside of 34.1% from its current price of $9.48.
Amount of Analyst Coverage
ING Groep has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.15% of the float of ING Groep has been sold short.
Short Interest Ratio / Days to Cover
ING Groep has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ING Groep has recently decreased by 38.15%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
ING Groep pays a meaningful dividend of 3.08%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
ING Groep does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of ING Groep is 25.86%. 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 20.69% next year. This indicates that ING Groep will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ING.

2.2

News and Social Media Coverage

News Sentiment
ING Groep has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for ING Groep this week, compared to 3 articles on an average week.
Search Interest
18 people have searched for ING on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
MarketBeat Follows
59 people have added ING Groep to their MarketBeat watchlist in the last 30 days. This is an increase of 119% compared to the previous 30 days.

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 9.33% of the stock of ING Groep is held by institutions.

4.4

Earnings and Valuation

Earnings Growth
Earnings for ING Groep are expected to grow by 27.19% in the coming year, from $1.14 to $1.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ING Groep is 8.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of ING Groep is 8.17, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 149.58.
Price to Earnings Growth Ratio
ING Groep has a PEG Ratio of 0.95. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
ING Groep has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ING Groep (NYSE:ING) Stock

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. 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 debt capital market, working capital, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, equity market, finance, payments and cash management, and trade services and solutions, as well as savings, investment, insurance, mortgage, and digital banking services. The company serves customers, corporate clients, and financial institutions, including small and medium-sized, and mid-corporates. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

Analysts Set New Price Targets

Several research analysts have commented on the company. Berenberg Bank cut their price target on ING Groep from €14.50 ($14.80) to €13.00 ($13.27) in a report on Wednesday, April 20th. JPMorgan Chase & Co. increased their price target on shares of ING Groep from €12.70 ($12.96) to €12.80 ($13.06) and gave the company an "overweight" rating in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ING Groep from €13.00 ($13.27) to €12.00 ($12.24) in a report on Tuesday, May 17th. Royal Bank of Canada reduced their target price on shares of ING Groep from €12.50 ($12.76) to €11.00 ($11.22) in a research note on Tuesday, July 12th. Finally, Morgan Stanley boosted their price target on ING Groep from €13.50 ($13.78) to €14.00 ($14.29) in a research note on Monday, June 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $12.71.

ING Groep Stock Performance

NYSE:ING opened at $9.74 on Wednesday. The stock has a market cap of $37.99 billion, a P/E ratio of 8.40, a PEG ratio of 0.95 and a beta of 1.63. The company has a quick ratio of 1.10, a current ratio of 1.09 and a debt-to-equity ratio of 1.65. ING Groep has a twelve month low of $8.57 and a twelve month high of $15.97. The company's 50-day simple moving average is $9.77 and its 200 day simple moving average is $10.69.

ING Groep Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Monday, August 22nd. Investors of record on Monday, August 15th will be given a dividend of $0.1737 per share. The ex-dividend date is Friday, August 12th. This represents a dividend yield of 10.1%. ING Groep's dividend payout ratio (DPR) is presently 25.86%.

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ING Stock News Headlines

August 16, 2022 | americanbankingnews.com

ING Groep (NYSE:ING) Price Target Raised to €14.70

August 15, 2022 | finance.yahoo.com

China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown

August 12, 2022 | americanbankingnews.com

ING Groep (NYSE:ING) Receives Consensus Rating of "Moderate Buy" from Brokerages

August 10, 2022 | finance.yahoo.com

Oil Edges Lower as Market Tightness Eases, Pipeline Restarts

August 8, 2022 | forbes.com

Betting On ESG: ING Americas CEO Says Firm Investing Billions Of Dollars Toward Net Zero By 2050

August 4, 2022 | finance.yahoo.com

ING Groep N.V.: Loan-Loss Provisions for Russia Exposure and One-Offs Drive Lower Q2 Results for ING

August 4, 2022 | fool.com

ING Groep (ING) Q2 2022 Earnings Call Transcript

August 4, 2022 | apnews.com

ING: Q2 Earnings Snapshot

August 4, 2022 | marketwatch.com

ING's 2Q Net Profit, Net Interest Income Beat Market Views -- Earnings Review

August 4, 2022 | nasdaq.com

ING Groep bank posts better-than-expected Q2 pre-tax profit of 1.74 bln euros

August 4, 2022 | marketwatch.com

ING's 2Q Net Profit Fell, But Beat Market Views Significantly -- Update

August 4, 2022 | marketwatch.com

ING Groep NV 2Q Net Pft EUR1.18B

August 4, 2022 | finance.yahoo.com

ING in Strong Capital Position for Time Being, CFO Says

August 4, 2022 | msn.com

ING Groep bank posts better-than-expected Q2 pre-tax profit

August 4, 2022 | finance.yahoo.com

ING posts 2Q2022 net result of €1,178 million, supported by increased income and modest risk costs

August 4, 2022 | finance.yahoo.com

ING Beats Estimates After Unwinding Russia Loan Provisions

August 3, 2022 | marketwatch.com

ING Is Expected to Post Sharp Fall in 2Q Net Profit -- Earnings Preview

August 2, 2022 | msn.com

Analyzing ING Groep's Short Interest

August 1, 2022 | finance.yahoo.com

Italy 10-Year Yield Falls Below 3% as Fears Before Election Fade

July 27, 2022 | finance.yahoo.com

ING Leads $350 Million Syndicated Financing for Precious Metals Merchant Auramet

July 20, 2022 | finance.yahoo.com

Oil Declines as Traders Assess US Stockpiles, Outlook for Dollar

July 13, 2022 | reuters.com

ING says business loan demand moderate in Q2, mortgages strong

July 13, 2022 | finance.yahoo.com

Oil Struggles to Find Direction After This Week’s Selloff

July 7, 2022 | nasdaq.com

Best Income Stocks to Buy for July 7th

June 30, 2022 | finance.yahoo.com

Oil Heads for Worst Run of Losses This Year on Recession Concern

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30 days | 90 days | 365 days | Advanced Chart

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ING Company Calendar

Last Earnings: 5/06/2021
Ex-Dividend for 5/25 Dividend: 5/13/2022
Dividend Payable: 5/25/2022
Ex-Dividend for 8/22 Dividend: 8/12/2022
Today: 8/17/2022
Dividend Payable: 8/22/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:ING
CUSIP: N/A
CIK: 1039765
Web: www.ing.com
Phone: (120) 563-9111
Fax: N/A
Employees: 57,660
Year Founded: 1991

Price Target and Rating

Average Stock Price Forecast: $12.71
High Stock Price Forecast: $14.70
Low Stock Price Forecast: $11.00
Forecasted Upside/Downside: +34.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.16
Trailing P/E Ratio: 8.17
Forward P/E Ratio: 8.32
P/E Growth: 0.95
Net Income: $7.04 billion
Net Margins: 21.17%
Pretax Margin: 30.89%
Return on Equity: 7.16%
Return on Assets: 0.40%

Debt

Debt-to-Equity Ratio: 1.65
Current Ratio: 1.09
Quick Ratio: 1.10

Sales & Book Value

Annual Sales: $21.88 billion
Price / Sales: 1.69
Cash Flow: $1.66 per share
Price / Cash Flow: 5.70
Book Value: $15.37 per share
Price / Book: 0.62

Miscellaneous

Outstanding Shares: 3,900,669,000
Free Float: N/A
Market Cap: $36.98 billion
Optionable: Optionable
Beta: 1.63

Social Links

Key Executives

Mr. Steven J. A. van Rijswijk (Age 52)
CEO and Chairman of the Exec. Board & Management Board Banking
Comp: $2.63M
Mr. Tanate Phutrakul (Age 57)
CFO and Member of the Exec. Board & Management Board Banking
Comp: $1.84M
Ms. Ljiljana Cortan (Age 51)
Chief Risk Officer and Member of the Exec. Board & Management Board Banking
Comp: $1.8M
Mr. Aris Bogdaneris B.A. (Age 59)
B.Sc, B.Sc., M.A., Head of Retail, Challengers & Growth Markets and Member of the Exec. Board & Mgmt. Board Banking
Ms. Pinar Abay (Age 45)
Head of Market Leaders and Member of the Exec. Board & Management Board Banking
Mr. Andrew John Milton Bester (Age 57)
Head of Wholesale Banking and Member of the Exec. Board & Management Board Banking
Mr. Ron van Kemenade (Age 57)
Chief Technology Officer and Member of the Exec. Board & Management Board Banking
Mr. Marnix van Stiphout (Age 52)
COO, Chief Transformation Officer and Member of the Exec. Board & Management Board Banking
Mr. Erwin H. M. Olijslager
Principal Accounting Officer
Mr. Han-Tsung Ho
Exec. Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ING Stock - Frequently Asked Questions

Should I buy or sell ING Groep stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ING Groep in the last twelve months. There are currently 3 hold ratings and 5 buy ratings 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.
What is ING Groep's stock price forecast for 2022?: 8 Wall Street analysts have issued 1 year price targets for ING Groep's shares. Their ING share price forecasts range from $11.00 to $14.70. On average, they expect the company's share price to reach $12.71 in the next twelve months. This suggests a possible upside of 34.1% from the stock's current price.
View analysts price targets for ING or view top-rated stocks among Wall Street analysts.
How have ING shares performed in 2022?: ING Groep's stock was trading at $13.92 on January 1st, 2022. Since then, ING stock has decreased by 31.9% and is now trading at $9.48.
View the best growth stocks for 2022 here.
Are investors shorting ING Groep?: ING Groep saw a drop in short interest in July. As of July 31st, there was short interest totaling 5,350,000 shares, a drop of 38.2% from the July 15th total of 8,650,000 shares. Based on an average daily trading volume, of 5,460,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.
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, November 3rd 2022.
View our ING earnings forecast.
How were ING Groep's earnings last quarter?: ING Groep (NYSE:ING) released its quarterly earnings results on Thursday, May, 6th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.06. The financial services provider earned $5.67 billion during the quarter, compared to analyst estimates of $5.41 billion. ING Groep had a trailing twelve-month return on equity of 7.16% and a net margin of 21.17%.
Read the conference call transcript.
How often does ING Groep pay dividends? What is the dividend yield for ING Groep?: ING Groep announced a -- dividend on Friday, August 5th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.1737 per share on Monday, August 22nd. This represents a dividend yield of 10.1%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for ING.
Is ING Groep a good dividend stock?: ING Groep (NYSE:ING) pays an annual dividend of $0.30 per share and currently has a dividend yield of 3.08%. The dividend payout ratio is 25.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ING will have a dividend payout ratio of 20.69% 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
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 number of retail and institutional investors. Top institutional shareholders include FMR LLC (0.12%), Cambiar Investors LLC (0.08%), Northern Trust Corp (0.08%), Wells Fargo & Company MN (0.08%), Todd Asset Management LLC (0.05%) and JPMorgan Chase & Co. (0.04%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is ING Groep's stock price today?: One share of ING stock can currently be purchased for approximately $9.48.
How much money does ING Groep make?: ING Groep (NYSE:ING) has a market capitalization of $36.98 billion and generates $21.88 billion in revenue each year. The financial services provider earns $7.04 billion in net income (profit) each year or $1.16 on an earnings per share basis.
How many employees does ING Groep have?: The company employs 57,660 workers across the globe.
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
When was ING Groep founded?: ING Groep was founded in 1991.
How can I contact ING Groep?: ING Groep's mailing address is Bijlmerdreef 106, Amsterdam Am, 1102 CT. The official website for the company is www.ing.com. The financial services provider can be reached via phone at (120) 563-9111 or via email at mark.milders@ing.com.

This page (NYSE:ING) was last updated on 8/17/2022 by MarketBeat.com Staff

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ING Groep - ING Stock Forecast, Price & News

ING Groep MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About ING Groep (NYSE:ING) Stock

Analysts Set New Price Targets

ING Groep Stock Performance

ING Groep Cuts Dividend

ING Stock News Headlines

ING Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

ING Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™