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

ING Group, N.V. (NYSE:ING) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have weighed in on ING shares. Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. Zacks Research cut shares of ING Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th.

Institutional Trading of ING Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MidFirst Bank purchased a new position in shares of ING Group during the fourth quarter valued at approximately $25,000. YANKCOM Partnership raised its position in ING Group by 197.2% in the 4th quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock valued at $27,000 after buying an additional 629 shares during the last quarter. Evergreen Advisors LLC bought a new position in ING Group during the 1st quarter valued at $28,000. Binnacle Investments Inc boosted its holdings in ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 395 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in ING Group by 359.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 871 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

ING Group Trading Down 2.7%

Shares of ING Group stock opened at $32.45 on Tuesday. The stock has a market capitalization of $94.43 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85. ING Group has a 52 week low of $22.53 and a 52 week high of $33.46. The stock has a 50 day moving average price of $31.23 and a two-hundred day moving average price of $29.32. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.11 and a current ratio of 1.11.

ING Group (NYSE:ING) last issued its earnings results on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. ING Group had a return on equity of 12.27% and a net margin of 27.68%.The company had revenue of $616.97 million for the quarter, compared to analyst estimates of $6.86 billion. As a group, equities analysts anticipate that ING Group will post 2.87 earnings per share for the current fiscal year.

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.