ING Groep (NYSE:ING – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $16.40, but opened at $16.84. ING Groep shares last traded at $16.85, with a volume of 316,191 shares trading hands.
Analyst Ratings Changes
Separately, Barclays raised ING Groep from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 7th.
Check Out Our Latest Stock Report on ING
ING Groep Price Performance
ING Groep (NYSE:ING – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.52 EPS for the quarter. ING Groep had a net margin of 32.20% and a return on equity of 13.22%. The business had revenue of $6.06 billion during the quarter. As a group, research analysts anticipate that ING Groep will post 2.01 EPS for the current year.
Institutional Investors Weigh In On ING Groep
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. boosted its stake in ING Groep by 67.8% during the 1st quarter. Financial Management Professionals Inc. now owns 1,639 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 662 shares during the last quarter. Richardson Financial Services Inc. bought a new position in shares of ING Groep in the fourth quarter valued at approximately $28,000. Clear Street Markets LLC boosted its position in shares of ING Groep by 570.3% during the third quarter. Clear Street Markets LLC now owns 2,011 shares of the financial services provider’s stock valued at $27,000 after buying an additional 1,711 shares during the last quarter. GAMMA Investing LLC bought a new stake in ING Groep during the fourth quarter worth $54,000. Finally, EntryPoint Capital LLC bought a new stake in ING Groep during the first quarter worth $67,000. Institutional investors and hedge funds own 4.49% of the company’s stock.
ING Groep Company Profile
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.
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