ING Group, N.V. (NYSE:ING) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of ING Group, N.V. (NYSE:ING) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

ING has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a research note on Friday, May 29th. Keefe, Bruyette & Woods raised shares of ING Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, March 26th. Zacks Research downgraded shares of ING Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a research note on Monday, March 23rd.

ING Group Stock Down 3.1%

ING Group stock opened at $29.69 on Monday. ING Group has a 1-year low of $20.39 and a 1-year high of $31.40. The firm has a market capitalization of $86.42 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.99 and a beta of 0.84. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm has a 50 day simple moving average of $28.90 and a 200 day simple moving average of $28.17.

ING Group (NYSE:ING) last released its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $616.97 million during the quarter, compared to analyst estimates of $6.86 billion. ING Group had a net margin of 27.68% and a return on equity of 12.27%. On average, analysts predict that ING Group will post 2.77 earnings per share for the current year.

Hedge Funds Weigh In On ING Group

A number of institutional investors have recently bought and sold shares of ING. MidFirst Bank bought a new position in ING Group in the fourth quarter worth about $25,000. YANKCOM Partnership raised its stake in ING Group by 197.2% in the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after buying an additional 629 shares in the last quarter. Evergreen Advisors LLC bought a new position in ING Group in the first quarter worth about $28,000. Binnacle Investments Inc grew its holdings in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 395 shares during the period. Finally, Transamerica Financial Advisors LLC grew its holdings in ING Group by 359.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 871 shares during the period. 4.49% of the stock is owned by institutional investors.

ING Group Company Profile

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.