The price of ING Groep N.V. (NYSE:ING) shares last traded on Wall Street fell -0.75% to $14.58.
Based on available information, 24 analysts follow ING Groep N.V. (NYSE:ING). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.34 and a low of $13.89, we find $17.47. Given the previous closing price of $14.69, this indicates a potential upside of 18.92 percent. ING stock price is now 9.45% away from the 50-day moving average and 17.04% away from the 200-day moving average. The market capitalization of the company currently stands at $53.00B.
Among analysts, 7 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $17.47 as their price target over the next twelve months.
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ING stock. A new stake in ING Groep N.V. shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $20,132,000. COOKSON PEIRCE & CO INC invested $9,755,000 in shares of ING during the first quarter. In the first quarter, INTEGRATED WEALTH CONCEPTS LLC acquired a new stake in ING Groep N.V. valued at approximately $2,252,000. ICON ADVISERS INC/CO acquired a new stake in ING for approximately $2,101,000. MARSHALL WACE, LLP purchased a new stake in ING valued at around $1,787,000 in the second quarter. In total, there are 377 active investors with 4.20% ownership of the company’s stock.
During the past 12 months, ING Groep N.V. has had a low of $8.14 and a high of $14.77. The fifty day moving average price for ING is $13.36 and a two-hundred day moving average price translates $12.48 for the stock.
The latest earnings results from ING Groep N.V. (NYSE: ING) was released for Mar, 2023. The net profit margin was 16.00% and return on equity was 9.10% for ING.
Moreover, the firm recently paid out its quarterly dividend on 05/12/2023. Investors who held shares on 04/27/2023 were paid a $0.4100954 dividend. On an annualized basis, this represents a $0.93 dividend and a 6.39% percent yield. There was an ex-dividend date of 04/26/2023 for this dividend. In terms of dividend payout ratio, ING is presently at 38.70%.
ING Groep N.V.(ING) Company Profile
ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts. It also offers business lending products; consumer lending products, such as residential mortgage loans, term loans, and other consumer lending loans; and secured and unsecured lending services. in addition, the company provides debt capital market, working capital solutions, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, debt and equity market solutions, payments and cash management, and trade and treasury services, as well as savings, investment, insurance, mortgage, and digital banking services; and SME loans. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.
