ING Group, N.V. (NYSE:ING)‘s stock had its “buy” rating reissued by equities researchers at J P Morgan Chase & Co in a research report issued on Monday.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded ING Group, N.V. from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research report on Friday, February 3rd. Independent Research GmbH restated a “hold” rating on shares of ING Group, N.V. in a research report on Wednesday, December 7th. Goldman Sachs Group, Inc. (The) cut ING Group, N.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 17th. Finally, Societe Generale cut ING Group, N.V. from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $17.00.
ING Group, N.V. (NYSE:ING) opened at 14.30 on Monday. The company’s 50-day moving average is $14.43 and its 200-day moving average is $13.17. The company has a market cap of $55.45 billion, a price-to-earnings ratio of 11.09 and a beta of 1.38. ING Group, N.V. has a 12 month low of $9.26 and a 12 month high of $15.02.
The company also recently declared a semiannual dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be issued a dividend of $0.451 per share. This is a boost from ING Group, N.V.’s previous semiannual dividend of $0.14. This represents a dividend yield of 6.15%. The ex-dividend date of this dividend is Tuesday, May 9th. ING Group, N.V.’s payout ratio is 45.11%.
Several hedge funds have recently added to or reduced their stakes in ING. Assetmark Inc. boosted its stake in ING Group, N.V. by 29.1% in the third quarter. Assetmark Inc. now owns 8,968 shares of the company’s stock valued at $111,000 after buying an additional 2,024 shares during the period. Riverhead Capital Management LLC boosted its stake in ING Group, N.V. by 157.6% in the third quarter. Riverhead Capital Management LLC now owns 10,200 shares of the company’s stock valued at $126,000 after buying an additional 6,240 shares during the period. Creative Planning boosted its stake in ING Group, N.V. by 155.4% in the third quarter. Creative Planning now owns 10,790 shares of the company’s stock valued at $133,000 after buying an additional 6,566 shares during the period. Wedbush Securities Inc. boosted its stake in ING Group, N.V. by 1.6% in the third quarter. Wedbush Securities Inc. now owns 11,293 shares of the company’s stock valued at $139,000 after buying an additional 177 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in ING Group, N.V. during the third quarter valued at $151,000. Institutional investors own 1.82% of the company’s stock.
ING Group, N.V. Company Profile
ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.
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