ING Groep (ING) Getting Somewhat Favorable Media Coverage, Study Finds

Press coverage about ING Groep (NYSE:ING) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ING Groep earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.0469302485171 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of ING traded up $0.02 during midday trading on Friday, hitting $17.36. 2,257,490 shares of the company traded hands, compared to its average volume of 3,362,772. ING Groep has a one year low of $14.55 and a one year high of $20.58. The stock has a market cap of $66,213.87, a PE ratio of 12.06, a P/E/G ratio of 1.39 and a beta of 1.36. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.96.

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ING Groep (NYSE:ING) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.31 earnings per share for the quarter. ING Groep had a return on equity of 10.22% and a net margin of 27.70%. The firm had revenue of $5.14 billion for the quarter. analysts expect that ING Groep will post 1.71 earnings per share for the current fiscal year.

The business also recently declared a semiannual dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 26th will be given a dividend of $0.5344 per share. The ex-dividend date of this dividend is Wednesday, April 25th. This is a boost from ING Groep’s previous semiannual dividend of $0.45. This represents a dividend yield of 5.77%. ING Groep’s dividend payout ratio is currently 42.36%.

A number of equities research analysts recently issued reports on the company. ValuEngine cut ING Groep from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. Zacks Investment Research cut ING Groep from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.00.

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About ING Groep

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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