ING Groep N.V. (NYSE: ING) is 7.63% higher on its value in year-to-date trading and has touched a low of $4.52 and a high of $12.40 in the current 52-week trading range. The ING stock was last observed hovering at around $10.16 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $10.87 for the next 12 months. It is also 23.32% off the consensus price target high of $13.25 offered by 22 analysts, but current levels are -26.68% lower than the price target low of $8.02 for the same period.
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Currently trading at $10.16, the stock is 6.08% and 12.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.7 million and changing 0.00% at the moment leaves the stock 36.81% off its SMA200. ING registered -17.67% loss for a year compared to 6-month gain of 49.19%. The firm has a 50-day simple moving average (SMA 50) of $9.64 and a 200-day simple moving average (SMA200) of $8.09.
The stock witnessed a 2.63% loss in the last 1 month and extending the period to 3 months gives it a 31.78%, and is 8.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.99% over the week and 1.73% over the month.
ING Groep N.V. (ING) has around 56492 employees, a market worth around $39.66B and $31.89B in sales. Current P/E ratio is 12.21 and Fwd P/E is 9.30. Profit margin for the company is 9.40%. Distance from 52-week low is 124.78% and -18.06% from its 52-week high. The company has generated returns on investments over the last 12 months (5.20%).
ING Groep N.V. (ING) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ING Groep N.V. (ING) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 1.50, where 6 rate it as a Hold and 1 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ING Groep N.V. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 1.50% this year.
ING Groep N.V. (ING) Top Institutional Holders
276 institutions hold shares in ING Groep N.V. (ING), with institutional investors hold 3.29% of the company’s shares. Institutions hold 3.29% of the Float.
The top institutional shareholder in the company is Fisher Asset Management, LLC with over 37.18 million shares valued at $263.26 million. The investor’s holdings represent 0.95% of the ING Shares outstanding. As of Sep 29, 2020, the second largest holder is Wellington Management Company, LLP with 10.41 million shares valued at $73.72 million to account for 0.27% of the shares outstanding. The other top investors are Parametric Portfolio Associates which holds 6.32 million shares representing 0.16% and valued at over $44.73 million, while Bank of America Corporation holds 0.16% of the shares totaling 6.07 million with a market value of $43.01 million.
ING Groep N.V. (ING): Who are the competitors?
The company’s main competitors (and peers) include KB Financial Group Inc. (KB) that is trading 5.36% up over the past 12 months. JPMorgan Chase & Co. (JPM) is -0.78% down on the 1-year trading charts. Short interest in the company’s stock has fallen -87.98% from the last report on Nov 12, 2020 to stand at a total of 3.91 million short shares sold with a short interest ratio of 0.5.