ING Groep NV Forecasted to Earn FY2018 Earnings of $1.86 Per Share (ING)
ING Groep NV (NYSE:ING) – Equities research analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for shares of ING Groep in a research note issued to investors on Monday. Jefferies Group analyst M. Timat anticipates that the financial services provider will post earnings of $1.86 per share for the year. Jefferies Group also issued estimates for ING Groep’s FY2019 earnings at $2.01 EPS and FY2020 earnings at $2.17 EPS.
A number of other brokerages have also recently commented on ING. Zacks Investment Research upgraded shares of ING Groep from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, January 16th. Deutsche Bank reissued a “buy” rating on shares of ING Groep in a report on Thursday, October 12th. UBS Group reissued a “buy” rating on shares of ING Groep in a report on Monday, December 11th. ValuEngine raised shares of ING Groep from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Goldman Sachs Group reissued a “buy” rating on shares of ING Groep in a report on Wednesday, December 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. ING Groep currently has an average rating of “Buy” and an average target price of $18.50.
Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its holdings in ING Groep by 5.9% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 389 shares during the last quarter. Zions Bancorporation grew its holdings in ING Groep by 1,021.8% in the 3rd quarter. Zions Bancorporation now owns 7,011 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 6,386 shares during the last quarter. Krilogy Financial LLC bought a new stake in ING Groep in the 2nd quarter worth $127,000. Bank of Nova Scotia Trust Co. bought a new stake in ING Groep in the 3rd quarter worth $156,000. Finally, Diligent Investors LLC bought a new stake in shares of ING Groep during the 3rd quarter valued at about $190,000. 3.02% of the stock is currently owned by institutional investors and hedge funds.
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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.
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