ING Groep N.V. ADR (NYSE: ING) is 12.12% higher on its value in year-to-date trading and has touched a low of $11.78 and a high of $17.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ING stock was last observed hovering at around $17.03 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $16.84, the stock is 4.43% and 14.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.76 million and changing -1.12% at the moment leaves the stock 19.45% off its SMA200. ING registered 36.03% gain for a year compared to 6-month gain of 26.81%.
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The stock witnessed a 11.89% loss in the last 1 month and extending the period to 3 months gives it a 18.76%, and is 0.06% 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 1.49% over the week and 1.08% over the month.
Fwd P/E is 7.68. Profit margin for the company is 32.30%. Distance from 52-week low is 42.95% and -1.98% from its 52-week high. The company has generated returns on investments over the last 12 months (4.48%).
ING Groep N.V. ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -9.55% this year
449 institutions hold shares in ING Groep N.V. ADR (ING), with institutional investors hold 5.05% of the company’s shares. The shares outstanding are 3.34B, and float is at 3.32B with Short Float at 0.11%. Institutions hold 5.05% of the Float.
The top institutional shareholder in the company is Fisher Asset Management, LLC with over 56.89 million shares valued at $766.3 million. The investor’s holdings represent 1.57% of the ING Shares outstanding. As of Jun 29, 2023, the second largest holder is MUFG Securities EMEA PLC with 12.54 million shares valued at $168.93 million to account for 0.35% of the shares outstanding. The other top investors are Goldman Sachs Group Inc which holds 8.62 million shares representing 0.24% and valued at over $116.11 million, while Aristotle Capital Management, LLC holds 0.20% of the shares totaling 7.14 million with a market value of $96.15 million.
