In today’s recent session, 3,438,964 shares of the ING Groep N.V.(NYSE:ING) have been traded, and its beta is 2. Most recently the company’s share price was $12.4, and it changed around $0.02 or 0% from the last close, which brings the market valuation of the company to $48.49 Billion. ING at last check was trading at a discount to its 52-week high of $12.76, offering almost -2.9% off that amount. The share price’s 52-week low was $4.88, which indicates that the recent value has risen by an impressive 60.65% since then. We note from ING Groep N.V.’s average daily trading volume that its 10-day average is 7.96 Million shares, with the 3-month average coming to 5.66 Million.
ING Groep N.V. stock received a consensus recommendation rating of Overweight, based on a mean score of 1.5. If we narrow it down even further, the data shows that none out of 22 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended ING as a Hold, whereas 15 deemed it a Buy, and 1 rated it as Underweight. ING Groep N.V. is expected to report earnings per share of $0 for the current quarter.
ING Groep N.V. (NYSE:ING): Trading Information Today
Instantly ING has been showing a green trend so far today with a performance of 0.16% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $12.59 on Tuesday, Apr 06 increased the stock’s daily price by 1.35%. The company’s shares are currently up 0.32% year-to-date, but still up 0.0089 over the last five days. On the other hand, ING Groep N.V. (NYSE:ING) is 0.04% up in the 30-day period. We can see from the shorts that 3.48 Million shares have been sold at a short interest cover period of 0.61 day(s).
The consensus price target as assigned by Wall Street analysts is $13.01, which translates to bears needing to increase their stock price by 4.92% from its current value. Analyst projections state that ING is forecast to be at a low of $10.3 and a high of $16.6. In order for the stock price to hit the forecast high, the stock would need to surge +33.87% from its current level, while the stock would need to crash -16.94% from its current level to reach the projected low.
ING Groep N.V. (ING) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -11.2%. ING Groep N.V. earnings are expected to decrease by -48.1% in 2021, but the outlook is negative -2.7% per year for the next five years.
ING Dividend Yield
The annual dividend yield of the stock is 1.17 percent and its annual dividend per share was $0.15. It is important to note, however, that the 1.17% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
ING Groep N.V. (NYSE:ING)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of ING Groep N.V. shares, and 3.18% of them are in the hands of institutional investors. The stock currently has a share float of 3.18%. ING Groep N.V. stock is held by 301 institutions, with Fisher Asset Management, LLC being the largest institutional investor. By Dec 30, 2020, it held 1.01% of the shares, which is about 39.34 Million shares worth $371.33 Million.
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Wellington Management Group, LLP, with 0.25% or 9.8 Million shares worth $92.47 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard/Windsor Fund Inc. and SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF were the top two Mutual Funds as of Oct 30, 2020. The former held 10234910 shares worth $69.8 Million, making up 0.26% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDRï¿½ Kensho New Economies Composite ETF held roughly 817.39 Thousand shares worth around $8.89 Million, which represents about 0.02% of the total shares outstanding.