ING Groep (ING) – Research Analysts’ Recent Ratings Changes

ING Groep (NYSE: ING) recently received a number of ratings updates from brokerages and research firms:

  • 10/3/2019 – ING Groep had its “buy” rating reaffirmed by analysts at UBS Group AG.
  • 10/2/2019 – ING Groep was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/1/2019 – ING Groep was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/25/2019 – ING Groep was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/17/2019 – ING Groep was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/11/2019 – ING Groep was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/10/2019 – ING Groep had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 9/4/2019 – ING Groep was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/3/2019 – ING Groep was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/27/2019 – ING Groep was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/14/2019 – ING Groep was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “

Shares of ING traded down $0.03 during mid-day trading on Wednesday, reaching $9.91. The company had a trading volume of 29,808 shares, compared to its average volume of 3,217,495. ING Groep NV has a 52-week low of $9.22 and a 52-week high of $13.72. The company has a quick ratio of 1.13, a current ratio of 0.96 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $38.72 billion, a P/E ratio of 6.04, a PEG ratio of 3.57 and a beta of 1.34. The stock has a 50 day moving average of $10.06 and a two-hundred day moving average of $11.21.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter. ING Groep had a return on equity of 8.83% and a net margin of 24.99%. The firm had revenue of $5.24 billion for the quarter. On average, sell-side analysts expect that ING Groep NV will post 1.45 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in ING Groep by 21.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,204 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 907 shares during the period. KCS Wealth Advisory raised its holdings in ING Groep by 8.2% in the 2nd quarter. KCS Wealth Advisory now owns 13,116 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 994 shares during the period. Carroll Financial Associates Inc. raised its holdings in ING Groep by 40.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,088 shares during the period. Confluence Investment Management LLC raised its holdings in ING Groep by 2.9% in the 2nd quarter. Confluence Investment Management LLC now owns 45,424 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 1,268 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in ING Groep by 35.5% in the 2nd quarter. Lindbrook Capital LLC now owns 5,536 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,450 shares during the period. Hedge funds and other institutional investors own 3.22% of the company’s stock.

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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