ING Groep N.V. [ING] Stock trading around $9.57 per share: What’s Next?


ING Groep N.V. [NYSE: ING] gained 0.74% on the last trading session, reaching $9.57 price per share at the time. The company report on July 27, 2022 that ING Leads $350 Million Syndicated Financing for Precious Metals Merchant Auramet.

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ING Capital LLC (“ING”) led a $350 million syndicated financing on behalf of Auramet Trading and Auramet International (collectively, “Auramet”), a precious metals merchant. ING acted as Mandated Lead Arranger, Bookrunner and Administrative Agent on a well oversubscribed deal, which closed on July 22, 2022.  With support from the lenders, the facility has increased over the past year, from a facility of $300 million.

Today’s facility closed with the addition of the Commonwealth Bank of Australia to the syndicate. The lending group also included previous participants Rabobank, acting as Lead Arranger, as well as HSBC Bank USA N.A., Macquarie Bank Limited, CIBC Bank USA and Brown Brothers Harriman & Co.

ING Groep N.V. represents 3.77 billion in outstanding shares, while the company has a total market value of $36.56 billion with the latest information. ING stock price has been found in the range of $9.40 to $9.60.

If compared to the average trading volume of 5.91M shares, ING reached a trading volume of 4358940 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $15.90 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 2.00. 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.

Barclays have made an estimate for ING Groep N.V. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 23, 2022. The new note on the price target was released on December 02, 2021, representing the official price target for ING Groep N.V. stock.

The Average True Range (ATR) for ING Groep N.V. is set at 0.30, with the Price to Sales ratio for ING stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 0.66, with the Price to Cash per share for the same quarter was set at 76.77.

Trading performance analysis for ING stock

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 2.03. With this latest performance, ING shares dropped by -7.00% in over the last four-week period, additionally sinking by -33.35% over the last 6 months – not to mention a drop of -23.01% 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 50.06, with the RSI for the last a single of trading hit 54.06, and the three-weeks RSI is set at 48.17 for ING Groep N.V. [ING]. The present Moving Average for the last 50 days of trading for this stock 10.05, while it was recorded at 9.43 for the last single week of trading, and 12.23 for the last 200 days.

ING Groep N.V. [ING]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ING Groep N.V. [ING] shares currently have an operating margin of +25.60. ING Groep N.V.’s Net Margin is presently recorded at +17.45.

Return on Total Capital for ING is now 2.83, given the latest momentum, and Return on Invested Capital for the company is 2.37. Return on Equity for this stock inclined to 8.80, with Return on Assets sitting at 0.51. 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 372.98. Additionally, ING Total Debt to Total Capital is recorded at 78.86, with Total Debt to Total Assets ending up at 21.14. Long-Term Debt to Equity for the company is recorded at 278.22, with the Long-Term Debt to Total Capital now at 58.82.

ING Groep N.V. [ING]: An earnings per share (EPS) analysis

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 13.30%.

An analysis of insider ownership at ING Groep N.V. [ING]

There are presently around $1,404 million, or 4.00% 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 51,706,217, which is approximately 6.733% of the company’s market cap and around 1.00% of the total institutional ownership; ARISTOTLE CAPITAL MANAGEMENT, LLC, holding 7,190,761 shares of the stock with an approximate value of $68.82 million in ING stocks shares; and BANK OF AMERICA CORP /DE/, currently with $63.99 million in ING stock with ownership of nearly -28.476% of the company’s market capitalization.

Positions in ING Groep N.V. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 165 institutional holders increased their position in ING Groep N.V. [NYSE:ING] by around 20,656,961 shares. Additionally, 145 investors decreased positions by around 14,171,192 shares, while 42 investors held positions by with 111,927,292 shares. The mentioned changes placed institutional holdings at 146,755,445 shares, according to the latest SEC report filing. ING stock had 50 new institutional investments in for a total of 3,227,313 shares, while 41 institutional investors sold positions of 4,985,494 shares during the same period.