The Goldman Sachs Group upgraded shares of ING Groep (NYSE:ING - Free Report) from a neutral rating to a buy rating in a research note issued to investors on Thursday, Marketbeat reports.
ING Groep Trading Down 1.4 %
Shares of ING Groep stock traded down $0.27 on Thursday, reaching $19.54. 1,502,832 shares of the company's stock were exchanged, compared to its average volume of 2,278,705. The company has a market capitalization of $68.35 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The firm's 50-day moving average is $18.09 and its two-hundred day moving average is $17.05.
ING Groep (NYSE:ING - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.02). ING Groep had a return on equity of 11.81% and a net margin of 28.30%. Sell-side analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.
ING Groep Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be paid a $0.6526 dividend. This represents a yield of 5.1%. The ex-dividend date of this dividend is Friday, April 25th. This is a boost from ING Groep's previous semi-annual dividend of $0.17. ING Groep's dividend payout ratio (DPR) is 60.75%.
Hedge Funds Weigh In On ING Groep
A number of institutional investors have recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in ING Groep during the 4th quarter valued at $25,000. Brooklyn Investment Group grew its holdings in shares of ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,207 shares during the last quarter. Redwood Investments LLC bought a new stake in shares of ING Groep during the fourth quarter worth about $41,000. Versant Capital Management Inc acquired a new stake in shares of ING Groep in the 4th quarter worth about $45,000. Finally, IFP Advisors Inc lifted its position in ING Groep by 25.1% in the 4th quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 621 shares in the last quarter. 4.49% of the stock is owned by institutional investors and hedge funds.
ING Groep Company Profile
(
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.
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