ING Groep N.V. [ING] Stock trading around $13.23 per share: What’s Next?

ING Groep N.V. [NYSE: ING] stock went on a downward path that fall over -1.49% on Wednesday, amounting to a one-week price decrease of less than -0.08%. The company report on December 30, 2022 that ING completes share buyback programme; remaining €297 million cash to be paid to shareholders in January.


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ING completes share buyback programme; remaining €297 million cash to be paid to shareholders in January.

ING announced today that it has completed the share buyback programme which started on 3 November 2022. The total number of shares repurchased under the programme is 107,032,745 ordinary shares at an average price of €11.25 for a total consideration of €1,203,635,570.77.

Over the last 12 months, ING stock dropped by -12.49%. The one-year ING Groep N.V. stock forecast points to a potential upside of 8.76. The average equity rating for ING stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $48.38 billion, with 3.73 billion shares outstanding and 3.60 billion shares in the current float. Compared to the average trading volume of 4.34M shares, ING stock reached a trading volume of 3922082 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $14.50 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 0.24, with the Price to Sales ratio for ING stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 0.89, with the Price to Cash per share for the same quarter was set at 94.55.

ING Stock Performance Analysis:

ING Groep N.V. [ING] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.08. With this latest performance, ING shares gained by 12.98% in over the last four-week period, additionally plugging by 40.15% over the last 6 months – not to mention a drop of -12.49% 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 63.54, with the RSI for the last a single of trading hit 60.11, and the three-weeks RSI is set at 64.73 for ING Groep N.V. [ING]. The present Moving Average for the last 50 days of trading for this stock 12.11, while it was recorded at 13.47 for the last single week of trading, and 10.28 for the last 200 days.

Insight into ING Groep N.V. 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 +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.

Reflecting on the efficiency of the workforce at the company, ING Groep N.V. [ING] managed to generate an average of $73,539 per employee.

ING Stock EPS

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%.

ING Groep N.V. [ING] Insider Position Details

There are presently around $2,123 million, or 4.20% 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 51,552,443, which is approximately -8.071% of the company’s market cap and around 1.00% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 9,166,018 shares of the stock with an approximate value of $121.27 million in ING stocks shares; and GOLDMAN SACHS GROUP INC, currently with $99.99 million in ING stock with ownership of nearly -3.735% of the company’s market capitalization.

Positions in ING Groep N.V. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 144 institutional holders increased their position in ING Groep N.V. [NYSE:ING] by around 15,559,262 shares. Additionally, 146 investors decreased positions by around 26,973,055 shares, while 45 investors held positions by with 117,943,228 shares. The mentioned changes placed institutional holdings at 160,475,545 shares, according to the latest SEC report filing. ING stock had 38 new institutional investments in for a total of 6,050,354 shares, while 40 institutional investors sold positions of 13,201,142 shares during the same period.

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