Brokers Set Expectations for ING Groep’s Q3 2022 Earnings (NYSE:ING)

ING Groep (NYSE:INGGet Rating) – Research analysts at Jefferies Financial Group issued their Q3 2022 earnings estimates for ING Groep in a research note issued to investors on Tuesday, September 13th. Jefferies Financial Group analyst F. Bocahut forecasts that the financial services provider will post earnings per share of $0.33 for the quarter. The consensus estimate for ING Groep’s current full-year earnings is $1.14 per share.

ING has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price objective on shares of ING Groep from €12.80 ($13.06) to €13.00 ($13.27) in a research note on Wednesday, September 7th. UBS Group boosted their price objective on shares of ING Groep from €14.50 ($14.80) to €14.70 ($15.00) and gave the company a “buy” rating in a research note on Monday, August 15th. Morgan Stanley boosted their price objective on shares of ING Groep from €13.50 ($13.78) to €14.00 ($14.29) in a research note on Monday, June 27th. The Goldman Sachs Group initiated coverage on shares of ING Groep in a research note on Monday, May 30th. They set a “buy” rating for the company. Finally, Royal Bank of Canada dropped their target price on shares of ING Groep from €12.50 ($12.76) to €11.00 ($11.22) in a research report on Tuesday, July 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.74.

ING Groep Trading Up 1.2 %

Shares of ING Groep stock opened at $9.58 on Wednesday. The company’s 50-day moving average price is $9.27 and its 200-day moving average price is $9.90. The company has a market cap of $37.37 billion, a price-to-earnings ratio of 8.24, a PEG ratio of 0.89 and a beta of 1.63. ING Groep has a 12-month low of $8.42 and a 12-month high of $15.97. The company has a current ratio of 1.09, a quick ratio of 1.10 and a debt-to-equity ratio of 1.65.

ING Groep Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, August 22nd. Stockholders of record on Monday, August 15th were issued a $0.1737 dividend. The ex-dividend date was Friday, August 12th. This represents a dividend yield of 10.1%. ING Groep’s payout ratio is 25.00%.

Institutional Investors Weigh In On ING Groep

Hedge funds have recently made changes to their positions in the business. CAPROCK Group Inc. increased its stake in shares of ING Groep by 2.3% in the first quarter. CAPROCK Group Inc. now owns 68,485 shares of the financial services provider’s stock worth $714,000 after buying an additional 1,511 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of ING Groep by 3.3% in the first quarter. Crossmark Global Holdings Inc. now owns 252,900 shares of the financial services provider’s stock worth $2,638,000 after buying an additional 8,101 shares during the period. Confluence Investment Management LLC purchased a new position in shares of ING Groep in the first quarter worth $523,000. Resonant Capital Advisors LLC purchased a new position in shares of ING Groep in the first quarter worth $123,000. Finally, Galibier Capital Management Ltd. increased its stake in shares of ING Groep by 55.5% in the first quarter. Galibier Capital Management Ltd. now owns 98,032 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 35,000 shares during the period. 4.39% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for ING Groep (NYSE:ING)

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