ING Group (NYSE:ING) Lowered to Moderate Sell Rating by Keefe, Bruyette & Woods

ING Group (NYSE:ING) was downgraded by stock analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Cfra Research upgraded ING Group from a “hold” rating to a “moderate buy” rating in a research note on Thursday, September 25th. Weiss Ratings upgraded shares of ING Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Saturday, October 25th. Morgan Stanley raised shares of ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Barclays upgraded shares of ING Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

ING Group Stock Up 0.6%

ING stock opened at $26.49 on Tuesday. The stock has a market capitalization of $83.36 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a fifty day moving average of $25.01 and a 200-day moving average of $23.21. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.11 and a current ratio of 1.11. ING Group has a one year low of $15.09 and a one year high of $26.59.

ING Group (NYSE:ING) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. ING Group had a net margin of 26.94% and a return on equity of 11.57%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.35 billion. As a group, analysts expect that ING Group will post 2.14 EPS for the current year.

Institutional Trading of ING Group

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of ING Group by 7.3% during the 2nd quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider’s stock worth $191,681,000 after purchasing an additional 593,424 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of ING Group by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,894,501 shares of the financial services provider’s stock worth $154,653,000 after acquiring an additional 185,506 shares during the last quarter. Northern Trust Corp raised its holdings in shares of ING Group by 4.4% in the first quarter. Northern Trust Corp now owns 4,342,916 shares of the financial services provider’s stock worth $85,078,000 after acquiring an additional 181,800 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of ING Group by 25.7% in the first quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider’s stock valued at $83,274,000 after acquiring an additional 869,281 shares in the last quarter. Finally, Todd Asset Management LLC boosted its stake in shares of ING Group by 1.0% during the third quarter. Todd Asset Management LLC now owns 2,795,403 shares of the financial services provider’s stock valued at $72,904,000 after acquiring an additional 26,639 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Group Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.