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

Shares of ING Group, N.V. (NYSE:ING) have received an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company.

A number of research firms have weighed in on ING. Citigroup upgraded ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ING Group in a research report on Monday, December 1st. Keefe, Bruyette & Woods lowered ING Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th. Cfra Research upgraded shares of ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Finally, Morgan Stanley upgraded ING Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd.

ING Group Stock Performance

NYSE:ING opened at $26.28 on Monday. ING Group has a fifty-two week low of $15.09 and a fifty-two week high of $26.64. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $25.17 and a 200 day moving average price of $23.85. The stock has a market capitalization of $82.70 billion, a P/E ratio of 11.84, a PEG ratio of 1.87 and a beta of 0.81.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ING. Abound Wealth Management grew its position in shares of 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 buying an additional 910 shares during the last quarter. Binnacle Investments Inc grew its holdings in shares of ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 395 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in shares of ING Group by 2,440.8% during the third quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,196 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of ING Group during the 2nd quarter worth approximately $33,000. Finally, Root Financial Partners LLC bought a new stake in shares of ING Group in the 3rd quarter worth approximately $34,000. 4.49% of the stock is owned by hedge funds and other institutional investors.

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.