ING Groep (NYSE:ING) Posts Earnings Results

ING Groep (NYSE:ING) released its earnings results on Thursday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02), Zacks reports. ING Groep had a net margin of 28.30% and a return on equity of 11.81%.

ING Groep Stock Down 0.3 %

ING opened at $16.43 on Friday. ING Groep has a twelve month low of $12.81 and a twelve month high of $18.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a 50 day moving average price of $15.94 and a 200-day moving average price of $16.80. The stock has a market capitalization of $57.46 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 6.14 and a beta of 1.46.

ING Groep Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were paid a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep’s dividend payout ratio is presently 30.37%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ING. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.