ING Groep NV (NYSE:ING)’s share price reached a new 52-week low on Friday . The company traded as low as $13.69 and last traded at $13.74, with a volume of 315030 shares traded. The stock had previously closed at $13.78.

ING has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating on shares of ING Groep in a research report on Tuesday, April 24th. ValuEngine lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.00.

The stock has a market capitalization of $57.78 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.40 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.29.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.38 earnings per share for the quarter. The business had revenue of $5.48 billion during the quarter. ING Groep had a net margin of 28.47% and a return on equity of 10.28%. equities analysts expect that ING Groep NV will post 1.57 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Tuesday, August 21st. Shareholders of record on Monday, August 13th will be given a $0.2799 dividend. The ex-dividend date is Friday, August 10th. This represents a dividend yield of 6.86%. ING Groep’s payout ratio is currently 45.14%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Suntrust Banks Inc. boosted its position in shares of ING Groep by 1.3% during the first quarter. Suntrust Banks Inc. now owns 270,120 shares of the financial services provider’s stock worth $4,571,000 after acquiring an additional 3,338 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of ING Groep by 4.3% during the first quarter. Neuberger Berman Group LLC now owns 91,339 shares of the financial services provider’s stock worth $1,546,000 after acquiring an additional 3,756 shares during the last quarter. Fairfield Bush & CO. boosted its position in shares of ING Groep by 23.3% during the first quarter. Fairfield Bush & CO. now owns 21,731 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 4,100 shares during the last quarter. Advisor Partners LLC boosted its position in shares of ING Groep by 36.0% during the second quarter. Advisor Partners LLC now owns 15,656 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 4,145 shares during the last quarter. Finally, Afam Capital Inc. boosted its position in shares of ING Groep by 1.2% during the first quarter. Afam Capital Inc. now owns 377,884 shares of the financial services provider’s stock worth $6,398,000 after acquiring an additional 4,366 shares during the last quarter. Institutional investors and hedge funds own 3.63% of the company’s stock.

ING Groep Company Profile

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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