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

ING Group, N.V. (NYSE:ING) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a research report on Friday, May 29th. Wall Street Zen cut shares of ING Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research cut shares of ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Morgan Stanley restated an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th.

ING Group Trading Up 0.1%

NYSE:ING opened at $29.69 on Monday. The company has a 50-day moving average price of $28.90 and a 200-day moving average price of $28.19. ING Group has a 12 month low of $20.39 and a 12 month high of $31.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The stock has a market cap of $86.42 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.95 and a beta of 0.84.

ING Group (NYSE:ING) last posted its earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The firm had revenue of $616.97 million during the quarter, compared to analysts’ expectations of $6.86 billion. Equities analysts predict that ING Group will post 2.77 EPS for the current year.

Institutional Trading of ING Group

A number of hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its holdings in shares of ING Group by 4.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 8,734 shares of the financial services provider’s stock valued at $245,000 after buying an additional 361 shares in the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of ING Group by 1.6% during the 4th quarter. Aprio Wealth Management LLC now owns 23,240 shares of the financial services provider’s stock valued at $651,000 after buying an additional 370 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of ING Group by 0.4% during the 4th quarter. Quadrant Capital Group LLC now owns 106,170 shares of the financial services provider’s stock valued at $2,973,000 after buying an additional 374 shares in the last quarter. Binnacle Investments Inc boosted its holdings in shares of ING Group by 57.0% during the 3rd quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after buying an additional 395 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of ING Group by 0.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 63,613 shares of the financial services provider’s stock valued at $1,659,000 after buying an additional 397 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

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.