According to Zacks, “ING GROEP-ADR is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. ING can fully deliver what today’s clients expect: unlimited access, maximum convenience, immediate and accurate execution, personal advice, tailor-made solutions and competitive rates. “
ING has been the subject of a number of other research reports. ValuEngine cut ING Groep from a sell rating to a strong sell rating in a research report on Monday, April 29th. Royal Bank of Canada upgraded ING Groep from a sector perform rating to an outperform rating in a research report on Thursday, March 21st. Barclays assumed coverage on ING Groep in a research report on Friday, June 14th. They set an underweight rating and a $11.15 price objective for the company. Finally, JPMorgan Chase & Co. upgraded ING Groep from a neutral rating to an overweight rating in a research report on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $12.58.
ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.33 earnings per share for the quarter. ING Groep had a return on equity of 8.81% and a net margin of 25.28%. The business had revenue of $5.20 billion during the quarter. As a group, sell-side analysts anticipate that ING Groep will post 1.47 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of ING. Enterprise Financial Services Corp increased its position in ING Groep by 85.6% during the 1st quarter. Enterprise Financial Services Corp now owns 2,287 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 1,055 shares in the last quarter. JNBA Financial Advisors purchased a new stake in ING Groep during the 1st quarter worth about $32,000. Lindbrook Capital LLC purchased a new stake in ING Groep during the 4th quarter worth about $43,000. Zions Bancorporation N.A. purchased a new stake in ING Groep in the 1st quarter valued at about $44,000. Finally, Avestar Capital LLC grew its holdings in ING Groep by 1,957.1% in the 1st quarter. Avestar Capital LLC now owns 4,176 shares of the financial services provider’s stock valued at $50,000 after buying an additional 3,973 shares during the period. Hedge funds and other institutional investors own 3.48% of the company’s stock.
About ING Groep
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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