Shares of ING Groep NV (NYSE:ING) gapped down prior to trading on Friday . The stock had previously closed at $11.81, but opened at $11.54. ING Groep shares last traded at $11.29, with a volume of 2,377,247 shares traded.
A number of brokerages have recently weighed in on ING. Barclays set a $18.00 price objective on Summit Materials and gave the stock a “hold” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. set a $69.00 price objective on Helmerich & Payne and gave the stock a “buy” rating in a research report on Wednesday, June 5th. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Finally, Royal Bank of Canada raised their target price on Williams-Sonoma to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.58.
The stock has a market cap of $44.91 billion, a P/E ratio of 6.88 and a beta of 1.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.25. The company’s 50 day moving average is $11.34.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ING. Enterprise Financial Services Corp lifted its stake in shares of ING Groep by 85.6% in the 1st quarter. Enterprise Financial Services Corp now owns 2,287 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,055 shares during the period. JNBA Financial Advisors purchased a new position in ING Groep during the first quarter valued at $32,000. Bessemer Group Inc. purchased a new position in ING Groep during the second quarter valued at $34,000. Carroll Financial Associates Inc. raised its stake in ING Groep by 40.4% during the second quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,088 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new position in ING Groep during the first quarter valued at $44,000. Institutional investors own 3.48% of the company’s stock.
ING Groep Company Profile (NYSE:ING)
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.
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