Shares of ING Groep NV (NYSE:ING) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $11.15.

Several analysts have recently weighed in on ING shares. ValuEngine lowered China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday. Royal Bank of Canada upped their price objective on Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. set a $69.00 price objective on Helmerich & Payne and gave the company a “buy” rating in a report on Wednesday, June 5th. Finally, Barclays set a $18.00 price objective on Summit Materials and gave the company a “hold” rating in a report on Friday, June 14th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in ING Groep by 56.2% in the 4th quarter. Advisors Asset Management Inc. now owns 124,782 shares of the financial services provider’s stock worth $1,330,000 after purchasing an additional 44,908 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in ING Groep by 40.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,032 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 5,442 shares during the period. First Trust Advisors LP lifted its stake in ING Groep by 70.1% during the 4th quarter. First Trust Advisors LP now owns 96,921 shares of the financial services provider’s stock valued at $1,033,000 after acquiring an additional 39,952 shares during the period. PNC Financial Services Group Inc. lifted its stake in ING Groep by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 81,925 shares of the financial services provider’s stock valued at $873,000 after acquiring an additional 1,865 shares during the period. Finally, Stifel Financial Corp lifted its stake in ING Groep by 225.9% during the 4th quarter. Stifel Financial Corp now owns 435,164 shares of the financial services provider’s stock valued at $4,620,000 after acquiring an additional 301,640 shares during the period. 3.48% of the stock is owned by institutional investors and hedge funds.

Shares of ING Groep stock traded down $0.06 during trading on Tuesday, hitting $11.66. The stock had a trading volume of 1,489,357 shares, compared to its average volume of 3,707,175. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $45.38 billion, a price-to-earnings ratio of 7.11 and a beta of 1.31. The firm’s fifty day simple moving average is $11.26. ING Groep has a fifty-two week low of $10.21 and a fifty-two week high of $15.36.

ING Groep (NYSE:ING) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.33 earnings per share for the quarter. The business had revenue of $5.20 billion during the quarter. ING Groep had a return on equity of 8.81% and a net margin of 25.28%. On average, analysts predict that ING Groep will post 1.47 earnings per share for the current year.

About ING Groep

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

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Analyst Recommendations for ING Groep (NYSE:ING)

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