ING Groep - ING Stock Forecast, Price & News

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.
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8 Wall Street research analysts have issued 12-month price targets for ING Groep's shares. Their ING share price forecasts range from $11.00 to $16.00. On average, they predict the company's share price to reach $12.90 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price.
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ING Groep's stock was trading at $13.92 at the beginning of the year. Since then, ING shares have decreased by 29.1% and is now trading at $9.87.
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ING Groep saw a drop in short interest during the month of 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 trading volume of 5,460,000 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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ING Groep (NYSE:ING) announced its quarterly earnings results on Thursday, May, 6th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.06. The financial services provider earned $5.67 billion during the quarter, compared to the consensus estimate of $5.41 billion. ING Groep had a net margin of 21.17% and a trailing twelve-month return on equity of 7.16%.
Read the conference call transcript.

ING Groep declared a -- dividend on Friday, August 5th. Investors of record on Monday, August 15th will be given a dividend of $0.1737 per share on Monday, August 22nd. This represents a yield of 10.1%. The ex-dividend date is Friday, August 12th.
Read our dividend analysis for ING.

ING Groep (NYSE:ING) pays an annual dividend of $0.73 per share and currently has a dividend yield of 7.36%. ING has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 62.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ING will have a dividend payout ratio of 50.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ING.

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.

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

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

ING Groep's stock is owned by a number of retail and institutional investors. Top institutional investors 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%).

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.
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One share of ING stock can currently be purchased for approximately $9.87.

ING Groep (NYSE:ING) has a market capitalization of $38.50 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.

The company employs 57,660 workers across the globe.

ING Groep was founded in 1991.

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.