ING Group, N.V. (NYSE:ING) Receives Consensus Rating of “Buy” from Brokerages

ING Group, N.V. (NYSE:ING) has earned an average rating of “Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating.

A number of equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of ING Group in a report on Thursday. Morgan Stanley raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Keefe, Bruyette & Woods lowered shares of ING Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th.

ING Group Stock Performance

ING Group stock opened at $25.88 on Thursday. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $81.44 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. ING Group has a 1-year low of $15.09 and a 1-year high of $26.59. The company’s 50-day moving average is $25.09 and its 200 day moving average is $23.31.

ING Group (NYSE:ING) last released its earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. ING Group had a return on equity of 11.57% and a net margin of 26.94%.The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Research analysts forecast that ING Group will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Abound Wealth Management raised its position in ING Group by 2,757.6% during the 3rd quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 910 shares in the last quarter. Binnacle Investments Inc raised its holdings in shares of ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 395 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of ING Group by 135.3% in the first quarter. SBI Securities Co. Ltd. now owns 1,586 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 912 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in ING Group by 2,440.8% in the third quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 1,196 shares during the period. Finally, Rexford Capital Inc. bought a new position in ING Group during the 2nd quarter worth about $33,000. Institutional investors own 4.49% of the company’s stock.

About ING Group

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.