ING Group (NYSE:ING) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of ING Group (NYSE:ING) in a research report report published on Tuesday morning, Marketbeat.com reports. The brokerage issued a hold rating on the financial services provider’s stock.

Several other research analysts also recently commented on the company. Citigroup raised ING Group to a “strong-buy” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of ING Group in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods downgraded shares of ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

ING Group Trading Up 0.6%

ING stock opened at $29.85 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. ING Group has a 12-month low of $16.04 and a 12-month high of $30.10. The stock has a market cap of $86.86 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.47 and a beta of 0.82. The business’s 50-day moving average is $27.77 and its 200 day moving average is $25.66.

ING Group (NYSE:ING) last announced its earnings results on Thursday, February 5th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.10. The business had revenue of $4.61 billion during the quarter. ING Group had a return on equity of 11.57% and a net margin of 26.94%. On average, sell-side analysts anticipate that ING Group will post 2.14 EPS for the current fiscal year.

ING Group Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, January 23rd. Investors of record on Thursday, January 8th were given a dividend of $0.2009 per share. This represents a yield of 71.0%. The ex-dividend date was Thursday, January 8th. ING Group’s dividend payout ratio (DPR) is presently 31.08%.

Institutional Trading of ING Group

Several hedge funds have recently made changes to their positions in ING. Abound Wealth Management raised its position in shares of ING Group by 2,757.6% during the 3rd quarter. Abound Wealth Management now owns 943 shares of the financial services provider’s stock valued at $25,000 after buying an additional 910 shares during the period. YANKCOM Partnership increased its stake in ING Group by 197.2% during the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 629 shares during the last quarter. Binnacle Investments Inc increased its stake in ING Group by 57.0% during the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 395 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of ING Group by 2,440.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,245 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,196 shares during the last quarter. Finally, Rexford Capital Inc. acquired a new position in shares of ING Group in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

About ING Group

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.