ING Group, N.V. (NYSE:ING) has earned a consensus recommendation of “Buy” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.00.

Several brokerages have weighed in on ING. HSBC Holdings plc cut ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Wednesday, May 31st. Deutsche Bank AG reissued a “buy” rating on shares of ING Group, N.V. in a report on Tuesday, May 2nd. BidaskClub raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. ValuEngine raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research raised ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 price objective for the company in a report on Tuesday, May 9th.

Hedge funds have recently made changes to their positions in the stock. AMG National Trust Bank boosted its stake in shares of ING Group, N.V. by 17.5% in the first quarter. AMG National Trust Bank now owns 149,453 shares of the financial services provider’s stock worth $2,255,000 after buying an additional 22,252 shares during the period. Capital One National Association boosted its stake in shares of ING Group, N.V. by 7.8% in the first quarter. Capital One National Association now owns 33,532 shares of the financial services provider’s stock worth $506,000 after buying an additional 2,422 shares during the period. Eqis Capital Management Inc. boosted its stake in shares of ING Group, N.V. by 34.8% in the first quarter. Eqis Capital Management Inc. now owns 13,715 shares of the financial services provider’s stock worth $207,000 after buying an additional 3,544 shares during the period. Wright Investors Service Inc. boosted its stake in shares of ING Group, N.V. by 37.7% in the first quarter. Wright Investors Service Inc. now owns 78,305 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 21,435 shares during the period. Finally, Cadence Bank NA bought a new stake in shares of ING Group, N.V. during the first quarter worth approximately $241,000. 2.86% of the stock is owned by institutional investors.

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Shares of ING Group, N.V. (NYSE ING) traded down 0.06% on Wednesday, hitting $17.85. 1,355,286 shares of the stock were exchanged. The firm has a market cap of $69.33 billion, a price-to-earnings ratio of 11.92 and a beta of 1.15. ING Group, N.V. has a one year low of $11.76 and a one year high of $18.94. The firm’s 50 day moving average price is $18.19 and its 200 day moving average price is $16.46.

The business also recently declared a None dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were paid a $0.232 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This is a boost from ING Group, N.V.’s previous None dividend of $0.22. This represents a dividend yield of 3.05%. ING Group, N.V.’s dividend payout ratio is 47.29%.

ING Group, N.V. Company Profile

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

Analyst Recommendations for ING Group, N.V. (NYSE:ING)

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