ING Groep NV (ING) Receives Average Recommendation of “Buy” from Analysts

Shares of ING Groep NV (NYSE:ING) have earned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of equities research analysts recently weighed in on ING shares. Zacks Investment Research upgraded shares of ING Groep from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, January 16th. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st.

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Several institutional investors have recently modified their holdings of the company. Eagle Global Advisors LLC grew its position in ING Groep by 0.5% during the 4th quarter. Eagle Global Advisors LLC now owns 625,813 shares of the financial services provider’s stock worth $11,553,000 after purchasing an additional 2,825 shares during the last quarter. CIBC World Markets Inc. lifted its stake in ING Groep by 17.7% during the 4th quarter. CIBC World Markets Inc. now owns 19,609 shares of the financial services provider’s stock valued at $362,000 after acquiring an additional 2,950 shares during the period. Edge Advisors LLC lifted its stake in ING Groep by 1.1% during the 4th quarter. Edge Advisors LLC now owns 323,070 shares of the financial services provider’s stock valued at $5,963,000 after acquiring an additional 3,628 shares during the period. Eagle Asset Management Inc. lifted its stake in ING Groep by 16.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 26,466 shares of the financial services provider’s stock valued at $487,000 after acquiring an additional 3,645 shares during the period. Finally, Jones Collombin Investment Counsel Inc lifted its stake in ING Groep by 1.2% during the 4th quarter. Jones Collombin Investment Counsel Inc now owns 310,790 shares of the financial services provider’s stock valued at $5,737,000 after acquiring an additional 3,800 shares during the period. 3.22% of the stock is currently owned by hedge funds and other institutional investors.

ING traded up $0.08 on Thursday, reaching $16.97. 1,734,039 shares of the company traded hands, compared to its average volume of 3,400,022. ING Groep has a one year low of $14.55 and a one year high of $20.58. The firm has a market capitalization of $65,281.27, a price-to-earnings ratio of 11.87, a PEG ratio of 1.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.09 and a quick ratio of 1.09.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.31 earnings per share for the quarter. ING Groep had a net margin of 27.70% and a return on equity of 10.22%. The company had revenue of $5.14 billion during the quarter. equities analysts anticipate that ING Groep will post 1.71 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 26th will be given a $0.5344 dividend. The ex-dividend date of this dividend is Wednesday, April 25th. This represents a dividend yield of 5.77%. This is an increase from ING Groep’s previous semiannual dividend of $0.45. ING Groep’s payout ratio is presently 42.36%.

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About ING Groep

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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