ING Groep NV (NYSE:ING) Receives Consensus Recommendation of “Hold” from Brokerages

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ING Groep NV (NYSE:ING) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have issued a buy recommendation on the company.

A number of equities analysts recently commented on ING shares. Zacks Investment Research downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. UBS Group reiterated a “buy” rating on shares of ING Groep in a research note on Tuesday, October 15th. Goldman Sachs Group reiterated a “buy” rating on shares of ING Groep in a research note on Monday, November 4th. ValuEngine upgraded shares of ING Groep from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Barclays upgraded shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, October 23rd.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC boosted its stake in ING Groep by 80.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,169 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,409 shares in the last quarter. Bessemer Group Inc. acquired a new position in ING Groep in the second quarter valued at $34,000. Carroll Financial Associates Inc. boosted its stake in ING Groep by 40.4% in the second quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 1,088 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in ING Groep in the second quarter valued at $43,000. Finally, Whittier Trust Co. boosted its stake in ING Groep by 525.0% in the third quarter. Whittier Trust Co. now owns 5,075 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 4,263 shares in the last quarter. Institutional investors own 3.57% of the company’s stock.

Shares of ING stock traded down $0.06 on Monday, reaching $11.60. 1,958,136 shares of the stock were exchanged, compared to its average volume of 3,502,465. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.20. The business’s 50 day moving average price is $11.07 and its 200 day moving average price is $10.97. The company has a market capitalization of $46.40 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 6.91 and a beta of 1.36. ING Groep has a twelve month low of $9.22 and a twelve month high of $13.72.

ING Groep Company Profile

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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