ING Groep NV (INGA) Given a €15.00 Price Target at Morgan Stanley

Xavier Trudeau
Juin 5, 2017

Hedge funds and other institutional investors own 1.82% of the company's stock. The stock's market capitalization is 65.61B. Orbis Allan Gray Ltd now owns 893,781 shares of the financial services provider's stock worth $12,602,000 after buying an additional 11,530 shares during the period. The stock has a 50 day moving average of €14.94 and a 200 day moving average of €13.92. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.02. The firm had revenue of $4.68 billion for the quarter.

ING Group, N.V. had its " rating reiterated by analysts at Goldman Sachs. Equities analysts expect that ING Groep NV will post $0.90 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: "1st Global Advisors Inc". NEXT Financial Group Inc raised its stake in shares of ING Groep NV by 179.1% in the first quarter. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.thestockobserver.com/2017/06/04/ing-groep-nv-ing-shares-bought-by-schafer-cullen-capital-management-inc-updated.html.

Trading for shares of ING Group NV (NYSE:ING) will be very interesting to watch, as HSBC cut the rating for the stock to a "Hold". Jefferies Group LLC began coverage on ING Groep NV in a report on Wednesday, April 19th. The brokerage presently has a "buy" rating on the stock. Macquarie set a €17.00 ($19.10) price target on ING Groep NV and gave the stock a "buy" rating in a report on Friday, May 12th. Deutsche Bank AG set a €15.50 ($17.42) target price on shares of ING Groep NV and gave the stock a buy rating in a research report on Monday, February 20th. Natixis initiated the shares of ING in report on Friday, October 9 with "Buy" rating. According to the most recently released broker notes, 1 analyst has a rating of "strong buy" on the stock, 0 analysts "buy", 0 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". The firm from today has a $15.2000 target price per share on shares.

ING Groep N.V.is a financial institution. The Company offers banking services. The Company's divisions 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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