ING Groep (NYSE:ING - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02), Zacks reports. ING Groep had a return on equity of 11.81% and a net margin of 28.30%.
ING Groep Stock Performance
Shares of ING stock traded down $0.09 during trading on Monday, hitting $16.34. The company's stock had a trading volume of 1,929,638 shares, compared to its average volume of 2,599,459. The company has a market cap of $57.14 billion, a PE ratio of 7.63, a P/E/G ratio of 6.14 and a beta of 1.46. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The business has a fifty day moving average of $15.96 and a 200-day moving average of $16.76. ING Groep has a 52 week low of $12.94 and a 52 week high of $18.72.
ING Groep Cuts Dividend
The firm also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a dividend yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep's dividend payout ratio is presently 30.37%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Barclays lowered ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, October 22nd. Morgan Stanley lowered ING Groep from an "overweight" rating to an "equal weight" rating in a report on Tuesday, November 26th. Finally, Citigroup raised ING Groep to a "strong-buy" rating in a report on Thursday, October 17th.
Check Out Our Latest Stock Report on ING
About ING Groep
(
Get Free Report)
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.
Featured Stories
Before you consider ING Groep, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ING Groep wasn't on the list.
While ING Groep currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
