ING Groep (ING) Upgraded to “Sell” at ValuEngine

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ValuEngine upgraded shares of ING Groep (NYSE:ING) from a strong sell rating to a sell rating in a research note released on Tuesday morning, ValuEngine reports.

ING has been the topic of several other reports. Goldman Sachs Group reaffirmed a buy rating on shares of ING Groep in a research report on Wednesday, December 19th. Zacks Investment Research raised ING Groep from a sell rating to a hold rating in a research report on Thursday, December 20th. Societe Generale raised ING Groep from a hold rating to a buy rating in a research report on Wednesday, January 16th. Credit Suisse Group raised ING Groep from an underperform rating to a neutral rating in a research report on Tuesday, January 15th. Finally, Royal Bank of Canada raised ING Groep from a sector perform rating to an outperform rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold.

Shares of ING opened at $13.54 on Tuesday. The company has a market capitalization of $52.69 billion, a PE ratio of 8.26 and a beta of 1.21. ING Groep has a 52 week low of $10.21 and a 52 week high of $17.73. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.40.

ING Groep (NYSE:ING) last released its quarterly earnings data 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 return on equity of 9.19% and a net margin of 26.05%. As a group, analysts forecast that ING Groep will post 1.56 earnings per share for the current fiscal year.

The business also recently announced a semiannual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.4974 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 8.31%. ING Groep’s dividend payout ratio is presently 39.02%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tlwm raised its stake in ING Groep by 4.0% during the 4th quarter. Tlwm now owns 30,608 shares of the financial services provider’s stock valued at $351,000 after buying an additional 1,184 shares during the last quarter. KCS Wealth Advisory raised its stake in ING Groep by 11.0% during the 4th quarter. KCS Wealth Advisory now owns 12,706 shares of the financial services provider’s stock valued at $135,000 after buying an additional 1,260 shares during the last quarter. Eaton Vance Management raised its stake in ING Groep by 0.7% during the 4th quarter. Eaton Vance Management now owns 197,818 shares of the financial services provider’s stock valued at $2,109,000 after buying an additional 1,329 shares during the last quarter. Shine Investment Advisory Services Inc. raised its stake in ING Groep by 20.5% during the 4th quarter. Shine Investment Advisory Services Inc. now owns 8,503 shares of the financial services provider’s stock valued at $91,000 after buying an additional 1,448 shares during the last quarter. Finally, MAI Capital Management raised its stake in ING Groep by 12.7% during the 4th quarter. MAI Capital Management now owns 14,461 shares of the financial services provider’s stock valued at $154,000 after buying an additional 1,626 shares during the last quarter. Institutional investors and hedge funds own 3.33% of the company’s stock.

About ING Groep

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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Analyst Recommendations for ING Groep (NYSE:ING)

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