ING Group, N.V. (NYSE:ING) Given Consensus Recommendation of “Buy” by Analysts

Shares of ING Group, N.V. (NYSE:ING) have received a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages have recently issued reports on ING. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Jefferies Financial Group began coverage on shares of ING Group in a report on Tuesday, January 27th. They set a “hold” rating for the company. Zacks Research upgraded shares of ING Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd.

Hedge Funds Weigh In On ING Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC raised its stake in ING Group by 4.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 361 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of ING Group by 1.6% in the 4th quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 370 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of ING Group by 0.4% in the 4th quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock worth $2,973,000 after purchasing an additional 374 shares during the last quarter. Binnacle Investments Inc grew its holdings in shares of ING Group by 57.0% in the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of ING Group by 0.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock worth $1,659,000 after purchasing an additional 397 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Group Price Performance

Shares of NYSE:ING opened at $25.11 on Wednesday. The firm has a market capitalization of $73.06 billion, a PE ratio of 10.50, a PEG ratio of 0.85 and a beta of 0.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. ING Group has a 1-year low of $16.47 and a 1-year high of $31.17. The business’s 50 day moving average is $28.50 and its 200-day moving average is $26.78.

ING Group (NYSE:ING) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. ING Group had a return on equity of 12.05% and a net margin of 27.50%.The business had revenue of $4.61 billion during the quarter, compared to analyst estimates of $6.67 billion. Sell-side analysts predict that ING Group will post 2.14 earnings per share for the current year.

ING Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 17th will be issued a $0.8796 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a dividend yield of 589.0%. ING Group’s dividend payout ratio is presently 28.87%.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.