ING Groep NV (NYSE:ING) has earned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.00.
A number of analysts have recently issued reports on the company. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. ValuEngine upgraded ING Groep from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st.
Several large investors have recently modified their holdings of ING. Fisher Asset Management LLC grew its holdings in shares of ING Groep by 6.0% during the 3rd quarter. Fisher Asset Management LLC now owns 38,178,130 shares of the financial services provider’s stock worth $703,241,000 after purchasing an additional 2,168,788 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of ING Groep during the 3rd quarter worth about $22,685,000. Assetmark Inc. grew its holdings in shares of ING Groep by 5,421.5% during the 3rd quarter. Assetmark Inc. now owns 711,665 shares of the financial services provider’s stock worth $13,109,000 after purchasing an additional 698,776 shares during the period. Guardian Capital LP purchased a new stake in shares of ING Groep during the 3rd quarter worth about $10,210,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of ING Groep during the 3rd quarter worth about $6,971,000. Institutional investors and hedge funds own 3.15% of the company’s stock.
ING Groep (NYSE ING) traded down $0.13 on Wednesday, reaching $18.38. The company’s stock had a trading volume of 5,040,500 shares, compared to its average volume of 3,682,488. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.05. The stock has a market cap of $71,275.80, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20. ING Groep has a 52 week low of $13.63 and a 52 week high of $20.58.
The company also recently announced a semiannual dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 26th will be issued a dividend of $0.5344 per share. The ex-dividend date of this dividend is Wednesday, April 25th. This represents a dividend yield of 5.77%. This is a boost from ING Groep’s previous semiannual dividend of $0.45. ING Groep’s payout ratio is presently 43.26%.
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ING Groep Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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