ING Groep (NYSE:ING – Get Free Report) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Tuesday, Marketbeat Ratings reports.
A number of other brokerages have also recently commented on ING. Citigroup upgraded ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.
View Our Latest Report on ING Groep
ING Groep Stock Performance
ING Groep (NYSE:ING – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The business had revenue of $6.15 billion during the quarter. During the same quarter last year, the firm posted $0.65 earnings per share. Equities research analysts predict that ING Groep will post 2.04 earnings per share for the current year.
Institutional Trading of ING Groep
Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. raised its stake in ING Groep by 67.8% during the first quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 662 shares in the last quarter. Summit Securities Group LLC acquired a new position in ING Groep during the 2nd quarter worth approximately $31,000. Rothschild Investment LLC bought a new position in ING Groep in the 2nd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in ING Groep in the second quarter valued at approximately $38,000. Finally, Mather Group LLC. grew its stake in shares of ING Groep by 57.3% during the third quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after buying an additional 782 shares during the last quarter. 4.49% of the stock is currently owned by institutional investors.
ING Groep 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.
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