The ING Groep N.V. (NYSE:ING) is going up by 4.30% in today’s trading session, a rise equivalent to 0.43% of the stock’s price from yesterday’s market close. A news came out on 09/19/19 stating that ING publishes first Terra progress report by WSJ. The lowest point that the shares touched during the trading session was $9.90, while the peak of the day was recorded at a share price of $10.015. ING finished the previous session at $10.01 according to the data provided by Barchart, while the trading volume was observed to be $9710663.
In the 100 days of trading, ING managed to top a 10.66% Moving average. Additionally, ING Groep N.V. shares have achieved a 52-week range between 9.22 and 13.72 alongside 100 days raw stochastic set at 46.10%.
The number of shares outstanding, according to the fundamentals of the company, is set at 3.89B, equal to the value of $38.97B in market capitalization. In the last 30 days, ING Groep N.V. shares went down by -4.21%, adding 10.92 to growth in value, on top of a +5.82% boost since 09/10/19.
ING Groep N.V. (NYSE:ING) Analyst’s Estimates
According to the average analyst rating, ING Groep N.V. would be rated as Overweight. Out of 24 different analysts monitoring ING stock, 14 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 2 indicate that ING is an OVERWEIGHT, 2 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 02, 2019, the stock earned a Downgrade rating due to a new analyst call from Exane BNP Paribas, while analysts from Barclays believe that the stock is set at Underweight, as concluded on June 14, 2019. JP Morgan, is still rather wary about the stock, deciding to keep the rating at Overweight as confirmed through a call on June 06, 2019.
Societe Generale, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on January 16, 2019, giving the stock a Buy from the Hold rating.
ING Key Ratios To Watch:
Taking in account the profitability of the Company, the operating margin has been recorded at +21.23. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 0.54%. Beta value of the stock is recorded at 1.36. Additionally, ING Groep N.V. is recording price volatility of 1.36% for the period of the last seven days and 1.41% in the last 30 days.
ING Groep N.V. (NYSE:ING) Technical Outlook
For the period of the last 50 days, ING Groep N.V. had its Raw Stochastic average set at 72.94% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 55.55%. Stochastic %K for ING Groep N.V., with the last 20 days included, was set at 24.31%, having Stochastic %D topping 17.77%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for ING Groep N.V. stocks with recording -6.10% in metrics.
ING Groep N.V. Insider Watch:
Similarly, 3.38% of the company’s float is held by institutions – and there are 315 institutions in total holding shares of this company. The top three institutional holders of ING stocks are: Fisher Asset Management, LLC with ownership of $417.51 million, which is approximately 36085662 of the company’s shares; Morgan Stanley, holding 15796137 shares of the stock with an approximate value of $182.76 million; and Wellington Management Company, LLP, currently with more than 11007058 shares of the company valued at $127.35 million. Positions in ING Groep N.V. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.