Stocks of ING Groep N.V. ADR (NYSE:ING) traded higher last session on Wall Street, down -6.88% to $12.99.
According to the data, ING Groep N.V. ADR (NYSE:ING) has 24 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.16 and a low of $13.33, we find $17.98. Given the previous closing price of $13.95, this indicates a potential upside of 28.89 percent. ING stock price is now -8.90% away from the 50-day moving average and -1.97% away from the 200-day moving average. The market capitalization of the company currently stands at $46.86B.
A total of 7 analysts have issued a hold rating and 15 have given it a buy rating. Brokers who have rated the stock have averaged $17.83 as their price target over the next twelve months.
A total of 0.00% 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. ADR shares was purchased by MUFG SECURITIES EMEA PLC during the first quarter worth $162,907,000. POINT72 ASSET MANAGEMENT, L.P. invested $6,204,000 in shares of ING during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP LTD. acquired a new stake in ING Groep N.V. ADR valued at approximately $3,195,000. ATIVO CAPITAL MANAGEMENT LLC acquired a new stake in ING for approximately $1,176,000. QUANTBOT TECHNOLOGIES LP purchased a new stake in ING valued at around $1,099,000 in the second quarter. In total, there are 394 active investors with 4.24% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $13.23 for ING Groep N.V. ADR (NYSE: ING). During the past 12 months, ING Groep N.V. ADR has had a low of $8.14 and a high of $14.99. The fifty day moving average price for ING is $14.26 and a two-hundred day moving average price translates $13.25 for the stock.
The latest earnings results from ING Groep N.V. ADR (NYSE: ING) was released for Jun, 2023. The net profit margin was 28.41% and return on equity was 11.17% for ING.
Moreover, the firm recently paid out its quarterly dividend on 08/21/2023. Investors who held shares on 08/14/2023 were paid a $0.38283 dividend. On an annualized basis, this represents a $1.07 dividend and a 8.26% percent yield. There was an ex-dividend date of 08/11/2023 for this dividend. In terms of dividend payout ratio, ING is presently at 47.77%.
ING Groep N.V. ADR(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.
