Shares of ING Group, N.V. (NYSE:ING – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.
Several research analysts have recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of ING Group from a “hold” rating to a “buy” rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen lowered shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Jefferies Financial Group assumed coverage on shares of ING Group in a research note on Tuesday, January 27th. They set a “hold” rating on the stock.
Get Our Latest Stock Report on ING
ING Group Stock Down 0.1%
ING Group (NYSE:ING – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The financial services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. Sell-side analysts anticipate that ING Group will post 2.75 earnings per share for the current year.
Institutional Trading of ING Group
Several hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Private Wealth Group LLC boosted its holdings in shares of ING Group by 4.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock worth $245,000 after buying an additional 361 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of ING Group by 1.6% during the 4th quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock worth $651,000 after buying an additional 370 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of ING Group by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock worth $2,973,000 after buying an additional 374 shares during the period. Binnacle Investments Inc boosted its holdings in shares of 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 buying an additional 395 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings 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 buying an additional 397 shares during the period. Institutional investors own 4.49% of the company’s stock.
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.
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