ING Groep (ING) Downgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research cut shares of ING Groep (NYSE:ING) from a hold rating to a sell rating in a research note released on Tuesday.

According to Zacks, “ING GROEP-ADR is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. ING can fully deliver what today’s clients expect: unlimited access, maximum convenience, immediate and accurate execution, personal advice, tailor-made solutions and competitive rates. “

Several other brokerages also recently issued reports on ING. Goldman Sachs Group reiterated a buy rating on shares of ING Groep in a research report on Monday, December 31st. ValuEngine downgraded shares of ING Groep from a sell rating to a strong sell rating in a research report on Tuesday, March 5th. Societe Generale upgraded shares of ING Groep from a hold rating to a buy rating in a research report on Wednesday, January 16th. Finally, Credit Suisse Group upgraded shares of ING Groep from an underperform rating to a neutral rating in a research report on Tuesday, January 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. ING Groep has a consensus rating of Hold.

Shares of NYSE ING opened at $12.36 on Tuesday. The stock has a market cap of $47.01 billion, a P/E ratio of 7.54 and a beta of 1.22. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.13. ING Groep has a 12-month low of $10.21 and a 12-month high of $17.73.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $5.14 billion for the quarter. ING Groep had a net margin of 26.05% and a return on equity of 9.19%. On average, sell-side analysts forecast that ING Groep will post 1.53 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 26th will be given a dividend of $0.4974 per share. The ex-dividend date is Thursday, April 25th. This represents a yield of 8.31%. ING Groep’s payout ratio is presently 26.83%.

A number of institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC increased its stake in shares of ING Groep by 0.8% in the 4th quarter. Fisher Asset Management LLC now owns 44,291,190 shares of the financial services provider’s stock valued at $472,144,000 after acquiring an additional 345,276 shares during the last quarter. Morgan Stanley increased its stake in shares of ING Groep by 13.2% in the 3rd quarter. Morgan Stanley now owns 7,604,904 shares of the financial services provider’s stock valued at $98,636,000 after acquiring an additional 888,075 shares during the last quarter. NWQ Investment Management Company LLC increased its stake in shares of ING Groep by 44.6% in the 3rd quarter. NWQ Investment Management Company LLC now owns 4,503,821 shares of the financial services provider’s stock valued at $57,424,000 after acquiring an additional 1,388,181 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of ING Groep by 33.0% in the 3rd quarter. Wells Fargo & Company MN now owns 3,972,856 shares of the financial services provider’s stock valued at $51,528,000 after acquiring an additional 986,601 shares during the last quarter. Finally, Todd Asset Management LLC increased its stake in shares of ING Groep by 1.7% in the 3rd quarter. Todd Asset Management LLC now owns 1,300,771 shares of the financial services provider’s stock valued at $16,871,000 after acquiring an additional 21,530 shares during the last quarter. Institutional investors own 3.34% of the company’s stock.

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.

Featured Article: How to Track your Portfolio in Google Finance

Get a free copy of the Zacks research report on ING Groep (ING)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for ING Groep (NYSE:ING)

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bean Cash Price Hits $0.0014 on Major Exchanges
Bean Cash Price Hits $0.0014 on Major Exchanges
$1.93 Earnings Per Share Expected for United Parcel Service, Inc.  This Quarter
$1.93 Earnings Per Share Expected for United Parcel Service, Inc. This Quarter
RDI Reit  Reaches New 12-Month Low at $116.80
RDI Reit Reaches New 12-Month Low at $116.80
Contourglobal PLC  Insider Purchases £20,573.40 in Stock
Contourglobal PLC Insider Purchases £20,573.40 in Stock
Crowdholding Tops 24 Hour Trading Volume of $240.00
Crowdholding Tops 24 Hour Trading Volume of $240.00
Head-To-Head Survey: Freestone Resources  and Weatherford International
Head-To-Head Survey: Freestone Resources and Weatherford International


© 2006-2019 Ticker Report