ING Group, N.V. (ING) Reaches New 52-Week High at $18.18

Shares of ING Group, N.V. (NYSE:ING) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.18 and last traded at $18.18, with a volume of 2,165,948 shares. The stock had previously closed at $18.07.

ING has been the topic of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, May 2nd. Zacks Investment Research downgraded ING Group, N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. HSBC Holdings plc downgraded ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, May 31st. ValuEngine raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 6th. Finally, BidaskClub upgraded ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $17.00.

The company has a 50 day moving average of $18.17 and a 200-day moving average of $16.34. The company has a market cap of $69.64 billion, a PE ratio of 11.93 and a beta of 1.15.

The business also recently declared a None dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be given a $0.232 dividend. This represents a yield of 3.05%. The ex-dividend date is Thursday, August 10th. This is a boost from ING Group, N.V.’s previous None dividend of $0.22. ING Group, N.V.’s payout ratio is 47.29%.

A number of institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its position in shares of ING Group, N.V. by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 6,989 shares of the financial services provider’s stock valued at $107,000 after buying an additional 389 shares during the period. Krilogy Financial LLC acquired a new position in ING Group, N.V. during the second quarter valued at about $127,000. NEXT Financial Group Inc boosted its position in ING Group, N.V. by 179.1% in the first quarter. NEXT Financial Group Inc now owns 8,618 shares of the financial services provider’s stock valued at $140,000 after buying an additional 5,530 shares during the last quarter. Assetmark Inc. boosted its position in ING Group, N.V. by 8.5% in the first quarter. Assetmark Inc. now owns 9,524 shares of the financial services provider’s stock valued at $144,000 after buying an additional 747 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in ING Group, N.V. during the first quarter worth $166,000. Hedge funds and other institutional investors own 2.67% of the company’s stock.

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About ING Group, N.V.

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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