ING Groep NV (ING) Sees Large Volume Increase
ING Groep NV (NYSE:ING) saw unusually-strong trading volume on Friday . Approximately 3,136,588 shares traded hands during mid-day trading, an increase of 29% from the previous session’s volume of 2,423,947 shares.The stock last traded at $12.16 and had previously closed at $12.21.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. TheStreet upgraded shares of ING Groep NV from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, Macquarie upgraded shares of ING Groep NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.63.
The company has a market cap of $47.05 billion and a price-to-earnings ratio of 9.45. The firm’s 50 day moving average price is $11.33 and its 200 day moving average price is $11.71.
The firm also recently declared a dividend, which was paid on Monday, August 22nd. Stockholders of record on Monday, August 15th were issued a dividend of $0.219 per share. The ex-dividend date of this dividend was Thursday, August 11th.
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.