ING Groep (NYSE:ING) Reaches New 12-Month Low at $9.52

ING Groep NV (NYSE:ING)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $9.52 and last traded at $9.52, with a volume of 25753 shares. The stock had previously closed at $9.73.

Several brokerages have recently commented on ING. BNP Paribas cut shares of ING Groep from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. Exane BNP Paribas cut shares of ING Groep from an “outperform” rating to a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. upgraded shares of ING Groep from a “neutral” rating to an “overweight” rating in a research report on Wednesday, June 5th. Zacks Investment Research upgraded shares of ING Groep from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, ValuEngine upgraded shares of ING Groep from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.58.

The stock has a 50 day moving average of $11.25. The stock has a market capitalization of $37.86 billion, a price-to-earnings ratio of 5.82, a P/E/G ratio of 3.54 and a beta of 1.29. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.13 and a current ratio of 0.96.



A number of institutional investors and hedge funds have recently made changes to their positions in ING. Enterprise Financial Services Corp raised its holdings in shares of ING Groep by 85.6% in the first 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 last quarter. JNBA Financial Advisors acquired a new stake in shares of ING Groep in the first quarter valued at approximately $32,000. Bessemer Group Inc. acquired a new stake in shares of ING Groep in the second quarter valued at approximately $34,000. Zions Bancorporation N.A. acquired a new stake in shares of ING Groep in the first quarter valued at approximately $44,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of ING Groep in the second quarter valued at approximately $43,000. 3.49% of the stock is currently owned by hedge funds and other institutional investors.

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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