ING Groep N.V. (NYSE:ING) has a beta value of 1.63 and has seen 2.23 million shares traded in the recent trading session. The company, currently valued at $35.70B, closed the recent trade at $9.94 per share which meant it gained $0.19 on the day or 2.00% during that session. The ING stock price is -56.54% off its 52-week high price of $15.56 and 13.78% above the 52-week low of $8.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.75 million shares traded. The 3-month trading volume is 5.37 million shares.
The consensus among analysts is that ING Groep N.V. (ING) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 8 out of 22 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight.
Sporting 2.00% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 08/09/22 when the ING stock price touched $9.94 or saw a fall of 0.0%. Year-to-date, ING Groep N.V. shares have moved -28.10%, while the 5-day performance has seen it change 2.09%. Over the past 30 days, the shares of ING Groep N.V. (NYSE:ING) have changed 4.28%. Short interest in the company has seen 8.65 million shares shorted with days to cover at 1.64.
Wall Street analysts have a consensus price target for the stock at $13.56, which means that the shares’ value could jump 26.7% from the levels at last check today. The projected low price target is $10.53 while the price target rests at a high of $15.96. In that case, then, we find that the latest price level in today’s session is -60.56% off the targeted high while a plunge would see the stock gain -5.94% from the levels at last check today.
ING Groep N.V. (ING) estimates and forecasts
Figures show that ING Groep N.V. shares have underperformed across the wider relevant industry. The company’s shares have lost -34.71% over the past 6 months, with this year growth rate of -21.38%, compared to 1.70% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.50% over the past 5 years. Earnings growth for 2022 is a modest 92.70% while over the next 5 years, the company’s earnings are expected to increase by 13.30%.
ING Groep N.V. is expected to release its next earnings report in September this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.70 at a share yield of 7.17%. The company’s dividend yield has gone up over the past 12 months.
ING Groep N.V. (NYSE:ING)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 3.95% with a share float percentage of 3.95%. Investors are also buoyed by the number of investors in a company, with ING Groep N.V. having a total of 354 institutions that hold shares in the company. The top two institutional holders are Fisher Asset Management, LLC with over 51.71 million shares worth more than $539.3 million. As of Mar 30, 2022, Fisher Asset Management, LLC held 1.37% of shares outstanding.
The other major institutional holder is Aristotle Capital Management, LLC, with the holding of over 7.19 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $75.0 million and represent 0.19% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Siren NASDAQ NexGen Economy ETF and Wasatch Global Value Fund. As of Mar 30, 2022, the former fund manager holds about 0.01% shares in the company for having 0.23 million shares of worth $2.42 million while later fund manager owns 0.33 million shares of worth $3.44 million as of Mar 30, 2022, which makes it owner of about 0.01% of company’s outstanding stock.