ING Groep (NYSE:ING) Stock Rating Lowered by Barclays

ING Groep (NYSE:ING) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Marketbeat.com reports.

A number of other analysts also recently weighed in on the company. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th.

ING Groep Price Performance

ING stock opened at $17.20 on Tuesday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. ING Groep has a 52-week low of $12.44 and a 52-week high of $18.72. The company has a market capitalization of $60.17 billion, a P/E ratio of 7.61 and a beta of 1.52. The company has a fifty day moving average price of $17.78 and a 200-day moving average price of $17.46.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. ING Groep had a return on equity of 12.65% and a net margin of 30.60%. The business had revenue of $6.15 billion for the quarter. During the same quarter in the previous year, the company earned $0.65 earnings per share. As a group, equities analysts expect that ING Groep will post 2.04 EPS for the current year.

Hedge Funds Weigh In On ING Groep

A number of institutional investors and hedge funds have recently made changes to their positions in ING. Natixis Advisors LLC boosted its holdings in ING Groep by 1.0% in the second quarter. Natixis Advisors LLC now owns 1,930,085 shares of the financial services provider’s stock worth $33,082,000 after acquiring an additional 18,472 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in ING Groep by 17.9% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock valued at $27,962,000 after purchasing an additional 257,440 shares during the period. American Century Companies Inc. increased its stake in ING Groep by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock valued at $19,275,000 after purchasing an additional 60,908 shares in the last quarter. Raymond James & Associates raised its holdings in ING Groep by 49.7% during the third quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider’s stock worth $14,431,000 after buying an additional 263,904 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of ING Groep by 14.0% in the first quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock valued at $10,804,000 after buying an additional 80,398 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

About ING Groep

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.