ING Groep (NYSE:ING) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

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. “

Several other equities analysts have also recently weighed in on ING. ValuEngine upgraded shares of ING Groep from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. UBS Group reiterated a “buy” rating on shares of ING Groep in a research report on Monday, December 11th. Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a research report on Wednesday, December 6th. Finally, Deutsche Bank reiterated a “buy” rating on shares of ING Groep in a research report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $18.50.

ING Groep (NYSE:ING) opened at $20.25 on Thursday. ING Groep has a 52-week low of $13.63 and a 52-week high of $20.34. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $78,910.00, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.41 earnings per share for the quarter. ING Groep had a net margin of 26.20% and a return on equity of 11.06%. equities analysts anticipate that ING Groep will post 1.62 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in shares of ING Groep by 4.4% during the 3rd quarter. Wells Fargo & Company MN now owns 2,984,338 shares of the financial services provider’s stock valued at $54,971,000 after buying an additional 126,009 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of ING Groep by 14.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 90,573 shares of the financial services provider’s stock valued at $1,668,000 after buying an additional 11,389 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of ING Groep by 38.3% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 21,683 shares of the financial services provider’s stock valued at $399,000 after buying an additional 6,000 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of ING Groep by 39.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 694,515 shares of the financial services provider’s stock valued at $12,791,000 after buying an additional 196,177 shares during the period. Finally, Capital Bank & Trust Co boosted its stake in shares of ING Groep by 7.0% during the 3rd quarter. Capital Bank & Trust Co now owns 419,312 shares of the financial services provider’s stock valued at $7,724,000 after buying an additional 27,610 shares during the period. 2.96% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “ING Groep (ING) Downgraded by Zacks Investment Research to Hold” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2018/01/18/ing-groep-ing-downgraded-by-zacks-investment-research-to-hold.html.

About ING Groep

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 that 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 that 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.

Get a free copy of the Zacks research report on ING Groep (ING)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.