ING Group (NYSE:ING – Get a rating) saw its price target raised by investment analysts at UBS Group from €15.30 ($16.11) to €15.90 ($16.74) in a note released Monday to investors, Fly reports. The company currently has a “buy” rating on shares of the financial services provider.
Several other research firms have also published reports on ING recently. Morgan Stanley cut its price target on ING Groep from €15.60 ($16.42) to €13.00 ($13.68) in a Thursday, March 24 research note. StockNews.com began covering ING Groep in a research note on Thursday, March 31. They issued a “holding” rating for the company. Zacks Investment Research upgraded ING Groep from a “hold” rating to a “sell” rating in a Tuesday, March 22 report. Royal Bank of Canada lowered its price target on ING Groep from €15.00 ($15.79) to €14.50 ($15.26) in a Friday, February 4 report. Finally, Berenberg Bank lowered its price target on ING Groep from €14.50 ($15.26) to €13.00 ($13.68) in a Wednesday, April 20 report. One equity research analyst gave the stock a sell rating, seven gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.75.
ING traded at $0.01 during Monday’s trading, reaching $9.16. The stock had a trading volume of 1,091,560 shares, compared to an average volume of 7,034,900. The company has a 50-day moving average price of $10.16 and a 200-day moving average price of 13. $00. The company has a market capitalization of $35.73 billion, a price/earnings ratio of 7.16, a P/E/G ratio of 0.67 and a beta of 1.76. ING Groep has a one-year low of $8.97 and a one-year high of $15.97. The company has a debt ratio of 1.74, a current ratio of 1.08 and a quick ratio of 1.08.
ING Group (NYSE:ING – Get a rating) last released its quarterly results on Thursday, February 3. The financial services provider reported earnings per share (EPS) of $0.30 for the quarter, missing the consensus estimate of $0.33 per ($0.03). The company posted revenue of $5.47 billion in the quarter, versus a consensus estimate of $4.94 billion. ING Groep achieved a net margin of 25.83% and a return on equity of 8.68%. As a group, sell-side analysts expect ING Groep to post EPS of 1.02 for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Millennium Management LLC increased its position in ING Groep by 29.1% during the second quarter. Millennium Management LLC now owns 21,268 shares of the financial services provider worth $282,000 after acquiring an additional 4,800 shares in the last quarter. Morgan Stanley increased its position in ING Groep by 47.7% during the second quarter. Morgan Stanley now owns 937,919 shares of the financial services provider worth $12,419,000 after acquiring 303,014 additional shares in the last quarter. Commonwealth Equity Services LLC increased its position in ING Groep by 7.2% during the third quarter. Commonwealth Equity Services LLC now owns 21,231 shares of the financial services provider worth $307,000 after acquiring 1,427 additional shares in the last quarter. JustInvest LLC increased its position in ING Groep by 2.4% during the third quarter. JustInvest LLC now owns 30,788 shares of the financial services provider worth $446,000 after acquiring 733 additional shares in the last quarter. Finally, Barclays PLC increased its position in ING Groep by 2,647.2% during the third quarter. Barclays PLC now owns 11,923 shares of the financial services provider worth $172,000 after acquiring a further 11,489 shares in the last quarter. 9.33% of the shares are held by institutional investors.
About ING Group (Get a rating)
ING Groep NV, a financial institution, offers various banking products and services in the Netherlands, Belgium, Germany, Poland, the rest of Europe, North America, Latin America, Asia and Australia . It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking and Corporate Line Banking.
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