ING Groep (NYSE:ING – Get Rating) had its price target increased by investment analysts at UBS Group from €14.40 ($15.65) to €15.30 ($16.63) in a note issued to investors on Wednesday, The Fly reports.
ING has been the subject of several other reports. Zacks Investment Research lowered ING Groep from a “hold” rating to a “sell” rating in a research note on Tuesday, March 22nd. StockNews.com began coverage on ING Groep in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays raised shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 23rd. Morgan Stanley dropped their target price on shares of ING Groep from €15.60 ($16.96) to €13.00 ($14.13) in a research report on Thursday, March 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ING Groep from €15.00 ($16.30) to €12.70 ($13.80) in a research report on Monday, March 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.90.
ING Groep stock traded up $0.10 during midday trading on Wednesday, hitting $10.11. The company’s stock had a trading volume of 239,891 shares, compared to its average volume of 7,032,440. ING Groep has a 12 month low of $8.97 and a 12 month high of $15.97. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $39.44 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.85. The stock’s 50-day moving average price is $11.77 and its 200-day moving average price is $13.61.
Several institutional investors have recently bought and sold shares of ING. Fisher Asset Management LLC raised its holdings in shares of ING Groep by 4.5% during the fourth quarter. Fisher Asset Management LLC now owns 48,444,462 shares of the financial services provider’s stock worth $674,347,000 after acquiring an additional 2,066,770 shares in the last quarter. Bank of America Corp DE increased its position in ING Groep by 0.8% in the 4th quarter. Bank of America Corp DE now owns 9,348,693 shares of the financial services provider’s stock worth $130,134,000 after purchasing an additional 75,281 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ING Groep by 5.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,597,972 shares of the financial services provider’s stock worth $91,844,000 after purchasing an additional 364,704 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of ING Groep by 0.7% during the 4th quarter. Parametric Portfolio Associates LLC now owns 5,118,783 shares of the financial services provider’s stock valued at $71,253,000 after buying an additional 37,132 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of ING Groep by 7.6% in the 4th quarter. Capital International Investors now owns 3,290,826 shares of the financial services provider’s stock valued at $45,677,000 after buying an additional 233,546 shares in the last quarter. Institutional investors and hedge funds own 3.78% of the company’s stock.
ING Groep Company Profile (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.
- Get a free copy of the StockNews.com research report on ING Groep (ING)
- OrganiGram’s Turnaround Begins To Blossom
- Three Dividend Stocks With Growth Potential
- Exelon Stock Still Has Extraordinary Upside
- Insiders Are Selling Palo Alto Networks
- Greenbrier Companies Stock has Green in its Future
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.