ING Groep N.V. [ING] is 39.72% higher this YTD. Is it still time to buy?

ING Groep N.V. [NYSE: ING] slipped around -0.08 points on Monday, while shares priced at $13.19 at the close of the session, down -0.60%. The company report on May 6, 2021 that ING posts 1Q2021 net result of €1,005 million.

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ING posts 1Q2021 net result of €1,005 million.

1Q2021 result before tax of €1,463 million; capital position remains strong at 15.5%.

ING Groep N.V. stock is now 39.72% up from its year-to-date (YTD) trading value. ING Stock saw the intraday high of $13.48 and lowest of $13.185 per share. The company’s 52-week high price is 13.28, which means current price is +52.40% above from all time high which was touched on 05/10/21.

Compared to the average trading volume of 6.12M shares, ING reached a trading volume of 7288901 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ING Groep N.V. [ING]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ING shares is $16.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ING stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for ING Groep N.V. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 16, 2021. The new note on the price target was released on September 08, 2020, representing the official price target for ING Groep N.V. stock.

The Average True Range (ATR) for ING Groep N.V. is set at 0.25, with the Price to Sales ratio for ING stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 83.94.

How has ING stock performed recently?

ING Groep N.V. [ING] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.25. With this latest performance, ING shares gained by 6.54% in over the last four-week period, additionally plugging by 85.25% over the last 6 months – not to mention a rise of 140.26% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ING stock in for the last two-week period is set at 63.13, with the RSI for the last a single of trading hit 64.69, and the three-weeks RSI is set at 62.34 for ING Groep N.V. [ING]. The present Moving Average for the last 50 days of trading for this stock 12.33, while it was recorded at 13.08 for the last single week of trading, and 9.55 for the last 200 days.

ING Groep N.V. [ING]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ING Groep N.V. [ING] shares currently have an operating margin of +16.59. ING Groep N.V.’s Net Margin is presently recorded at +8.80.

Return on Total Capital for ING is now 1.81, given the latest momentum, and Return on Invested Capital for the company is 1.39. Return on Equity for this stock inclined to 4.58, with Return on Assets sitting at 0.27. When it comes to the capital structure of this company, ING Groep N.V. [ING] has a Total Debt to Total Equity ratio set at 336.48. Additionally, ING Total Debt to Total Capital is recorded at 77.09, with Total Debt to Total Assets ending up at 19.61. Long-Term Debt to Equity for the company is recorded at 263.95, with the Long-Term Debt to Total Capital now at 60.47.

Reflecting on the efficiency of the workforce at the company, ING Groep N.V. [ING] managed to generate an average of $27,185 per employee.

Earnings analysis for ING Groep N.V. [ING]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ING. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ING Groep N.V. go to -2.70%.

Insider trade positions for ING Groep N.V. [ING]

There are presently around $1,725 million, or 3.30% of ING stock, in the hands of institutional investors. The top three institutional holders of ING stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 41,706,093, which is approximately 6.025% of the company’s market cap and around 1.00% of the total institutional ownership; WELLINGTON MANAGEMENT GROUP LLP, holding 9,795,089 shares of the stock with an approximate value of $129.98 million in ING stocks shares; and BANK OF AMERICA CORP /DE/, currently with $83.22 million in ING stock with ownership of nearly 3.238% of the company’s market capitalization.

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Positions in ING Groep N.V. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 131 institutional holders increased their position in ING Groep N.V. [NYSE:ING] by around 13,774,218 shares. Additionally, 124 investors decreased positions by around 14,996,210 shares, while 40 investors held positions by with 101,243,900 shares. The mentioned changes placed institutional holdings at 130,014,328 shares, according to the latest SEC report filing. ING stock had 51 new institutional investments in for a total of 4,578,551 shares, while 29 institutional investors sold positions of 1,597,577 shares during the same period.

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