UBS Group restated their buy rating on shares of ING Groep (NYSE:ING) in a research note released on Wednesday morning, The Fly reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut ING Groep from a hold rating to a sell rating in a report on Wednesday. Credit Suisse Group upgraded ING Groep from a neutral rating to an outperform rating in a report on Tuesday, September 8th. Royal Bank of Canada restated an outperform rating on shares of ING Groep in a report on Friday, August 7th. Berenberg Bank restated a buy rating on shares of ING Groep in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of ING Groep in a report on Friday, August 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $7.88.

NYSE ING opened at $7.37 on Wednesday. The stock has a market cap of $28.72 billion, a PE ratio of 7.92, a P/E/G ratio of 2.08 and a beta of 1.65. The company has a current ratio of 0.96, a quick ratio of 1.13 and a debt-to-equity ratio of 2.32. ING Groep has a twelve month low of $4.52 and a twelve month high of $12.44. The stock has a fifty day simple moving average of $7.74 and a 200-day simple moving average of $6.88.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). The business had revenue of $5.14 billion for the quarter. ING Groep had a return on equity of 5.97% and a net margin of 17.53%. Research analysts predict that ING Groep will post 0.8 EPS for the current year.

Large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc increased its position in shares of ING Groep by 96.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 5,743 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 2,817 shares during the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of ING Groep in the 1st quarter valued at approximately $63,000. Cornerstone Advisors Inc. increased its position in shares of ING Groep by 33.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 9,850 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 2,461 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at approximately $70,000. Finally, Cedar Brook Financial Partners LLC purchased a new stake in shares of ING Groep in the 2nd quarter valued at approximately $70,000. 3.73% of the stock is currently owned by institutional investors.

ING Groep Company Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

Further Reading: How is net asset value different from market price?

The Fly

Analyst Recommendations for ING Groep (NYSE:ING)

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.