ING Groep (NYSE:ING) Rating Lowered to Equal Weight at Barclays

Barclays lowered shares of ING Groep (NYSE:ING) from an overweight rating to an equal weight rating in a report issued on Tuesday morning, Marketbeat Ratings reports.

Several other equities research analysts have also weighed in on ING. Citigroup raised shares of ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

ING Groep Trading Down 0.1 %

NYSE:ING opened at $16.84 on Tuesday. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.72. The company has a quick ratio of 1.12, a current ratio of 0.95 and a debt-to-equity ratio of 2.54. The company has a market cap of $58.91 billion, a PE ratio of 7.69, a P/E/G ratio of 6.58 and a beta of 1.52. The business’s 50 day moving average is $17.77 and its two-hundred day moving average is $17.45.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. The firm had revenue of $6.15 billion during the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same period in the prior year, the firm earned $0.65 EPS. On average, analysts predict that ING Groep will post 2.06 EPS for the current year.

ING Groep Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.8143 per share. This represents a yield of 5.9%. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. The ex-dividend date was Thursday, August 8th. ING Groep’s payout ratio is presently 29.68%.

Institutional Investors Weigh In On ING Groep

Several large investors have recently made changes to their positions in ING. Natixis Advisors LLC increased its position in ING Groep by 1.0% in the 2nd quarter. Natixis Advisors LLC now owns 1,930,085 shares of the financial services provider’s stock valued at $33,082,000 after acquiring an additional 18,472 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of ING Groep by 17.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock valued at $27,962,000 after purchasing an additional 257,440 shares during the period. American Century Companies Inc. lifted its holdings in ING Groep by 5.7% in the second quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock worth $19,275,000 after purchasing an additional 60,908 shares during the period. Raymond James & Associates grew its position in ING Groep by 49.7% in the 3rd quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock valued at $14,431,000 after buying an additional 263,904 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of ING Groep by 14.0% during the 1st quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock worth $10,804,000 after buying an additional 80,398 shares in the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

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.