Analysts Set ING Groep (NYSE:ING) Target Price at $14.30

Shares of ING Groep (NYSE:INGGet Rating) have earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $14.30.

ING has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of ING Groep in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of ING Groep from €15.00 ($16.30) to €12.70 ($13.80) in a research note on Monday, March 14th. Morgan Stanley decreased their price objective on shares of ING Groep from €15.60 ($16.96) to €13.00 ($14.13) in a research note on Thursday, March 24th. Barclays upgraded shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, March 23rd. Finally, UBS Group raised their target price on shares of ING Groep from €16.30 ($17.72) to €17.00 ($18.48) and gave the company a “buy” rating in a research report on Monday, February 7th.

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in ING Groep by 3.7% during the third quarter. Fifth Third Bancorp now owns 54,016 shares of the financial services provider’s stock worth $783,000 after purchasing an additional 1,925 shares during the last quarter. Cullen Capital Management LLC boosted its holdings in ING Groep by 24.5% during the third quarter. Cullen Capital Management LLC now owns 18,726 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 3,691 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in ING Groep by 7.0% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 30,682 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 2,010 shares during the last quarter. StoneX Group Inc. boosted its holdings in ING Groep by 111.0% during the third quarter. StoneX Group Inc. now owns 65,184 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 34,286 shares during the last quarter. Finally, Clarius Group LLC boosted its holdings in ING Groep by 56.0% during the fourth quarter. Clarius Group LLC now owns 20,778 shares of the financial services provider’s stock worth $289,000 after purchasing an additional 7,457 shares during the last quarter. 3.78% of the stock is owned by institutional investors.

NYSE:ING traded down $0.12 during mid-day trading on Monday, hitting $10.16. The stock had a trading volume of 7,346,698 shares, compared to its average volume of 7,039,524. ING Groep has a twelve month low of $8.97 and a twelve month high of $15.97. The stock has a market cap of $39.63 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 0.75 and a beta of 1.85. The company’s 50 day simple moving average is $11.88 and its 200 day simple moving average is $13.64. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.08 and a current ratio of 1.08.

ING Groep (NYSE:INGGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $4.94 billion. ING Groep had a net margin of 25.83% and a return on equity of 8.68%. As a group, equities analysts forecast that ING Groep will post 1.03 earnings per share for the current year.

The firm also recently announced a semi-annual dividend, which will be paid on Monday, May 16th. Stockholders of record on Thursday, April 28th will be given a dividend of $0.4525 per share. The ex-dividend date of this dividend is Wednesday, April 27th. This is an increase from ING Groep’s previous semi-annual dividend of $0.12. This represents a dividend yield of 8.2%. ING Groep’s payout ratio is presently 31.97%.

About ING Groep (Get Rating)

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.

Read More

Analyst Recommendations for ING Groep (NYSE:ING)

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.