ING Group, N.V. (NYSE:ING) Receives Consensus Recommendation of “Buy” from Analysts

ING Group, N.V. (NYSE:ING) has received a consensus rating of “Buy” from the eight analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company.

Several research analysts recently issued reports on ING shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on shares of ING Group in a report on Tuesday, January 27th. They set a “hold” rating on the stock. Citigroup raised shares of ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Deutsche Bank Aktiengesellschaft raised shares of ING Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods cut shares of ING Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Abound Wealth Management lifted its holdings in shares of ING Group by 2,757.6% during the third quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 910 shares during the period. YANKCOM Partnership raised its position in ING Group by 197.2% during the 4th quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after buying an additional 629 shares during the last quarter. Binnacle Investments Inc raised its position in ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after buying an additional 395 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in ING Group by 2,440.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,196 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of ING Group by 129.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,283 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 723 shares during the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.

ING Group Trading Up 3.2%

NYSE:ING opened at $30.35 on Tuesday. The stock has a market capitalization of $88.31 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.45 and a beta of 0.80. ING Group has a 52 week low of $16.04 and a 52 week high of $30.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.99. The firm has a 50 day moving average of $27.97 and a 200 day moving average of $25.81.

ING Group (NYSE:ING) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. ING Group had a net margin of 27.50% and a return on equity of 12.26%. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $6.67 billion. As a group, sell-side analysts anticipate that ING Group will post 2.14 earnings per share for the current fiscal year.

ING Group Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 17th will be paid a $0.8796 dividend. The ex-dividend date is Friday, April 17th. This represents a yield of 589.0%. ING Group’s dividend payout ratio (DPR) is 28.87%.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.