Shares of ING Group, N.V. (NYSE:ING – Get Free Report) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.
Several equities research analysts recently weighed in on ING shares. Keefe, Bruyette & Woods raised ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Zacks Research cut ING Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of ING Group in a research report on Monday, March 23rd.
Get Our Latest Analysis on ING
ING Group Stock Performance
ING Group (NYSE:ING – Get Free Report) last announced its earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $616.97 million during the quarter, compared to the consensus estimate of $6.86 billion. ING Group had a return on equity of 12.27% and a net margin of 27.68%. Equities research analysts predict that ING Group will post 2.77 earnings per share for the current year.
Institutional Trading of ING Group
Several hedge funds have recently bought and sold shares of ING. CIBC Private Wealth Group LLC raised 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 acquiring an additional 361 shares in the last quarter. Aprio Wealth Management LLC increased its position in ING Group by 1.6% during the fourth quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 370 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in ING Group by 0.4% in the fourth 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 lifted its stake in ING Group by 57.0% in the third 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, Compound Planning Inc. increased its stake in ING Group by 0.7% in the first quarter. Compound Planning Inc. now owns 58,784 shares of the financial services provider’s stock worth $1,531,000 after purchasing an additional 407 shares during the period. Hedge funds and other 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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