ING Groep (NYSE:ING) Upgraded at The Goldman Sachs Group

ING Groep (NYSE:ING) was upgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports.

ING Groep Trading Down 1.1 %

Shares of NYSE ING opened at $20.06 on Thursday. ING Groep has a twelve month low of $15.09 and a twelve month high of $20.79. The firm has a market cap of $70.16 billion, a PE ratio of 9.37, a price-to-earnings-growth ratio of 6.42 and a beta of 1.44. The business has a fifty day simple moving average of $17.94 and a two-hundred day simple moving average of $17.02. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. Analysts expect that ING Groep will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Roxbury Financial LLC purchased a new position in ING Groep in the fourth quarter valued at about $25,000. Brooklyn Investment Group grew its position in shares of ING Groep by 184.8% in the 4th quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,207 shares during the last quarter. Redwood Investments LLC purchased a new position in shares of ING Groep in the 4th quarter worth approximately $41,000. Versant Capital Management Inc bought a new position in shares of ING Groep during the 4th quarter worth approximately $45,000. Finally, IFP Advisors Inc lifted its position in ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 621 shares during the last quarter. 4.49% of the stock is owned by institutional investors.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.