ING Groep N.V. (NYSE:ING) changes shares on Thursday trading session, with a change of 6.49% or $0.47 shares. The trading starts at $7.55 and closed at $7.24 throughout the day. The trading session low price was $7.50 and day high was $7.73 on Thursday, August 06. After the session, the Financial sector daily volume shifted to 5.21 million while its average volume is 7.07M. In other hand, the ING market cap reached to $30.56B. While, its current target price is $9.10.
On August 6, 2020, UPDATE 2-ING’s Q2 profit falls 73% as loan provisions soar. According to the news reported on Reuters, * Provisions 1.34 bln euros vs 209 mln euros in Q2 2019 (Adds CEO quotes on provisions)
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 9.52% and up 8.44% for month. Its quarterly performance was 47.70% above, while its half year performance is down -32.84%. ING yearly performance stood at negative -23.66% and fall -36.02% for year-to-date. Current recommendation for ING Groep N.V. is 1.50.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ING EPS (TTM) for 12-month is 1.32. EPS for this year is 1.50%, while for the next year its value is 1.03. Sales growth for the current quarter is 14.64 while its EPS Q/Q reached -40.10%. It has an EPS of 19.90% up for past five years and for the next five years will be up 0.40%.
Let’s take a look on the analyst recommendations on ING for the current month and previous month. For the current month, 14 of 23 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 1 as underweight and 8 as Hold. As compared with the previous month ratings, 25 analysts participate in stock recommendation. Out of 25, 0 rated it sell, 15 rated it as Buy and 8 as Hold Ratings. On the other hand, target price ranges from $6.21 – $11.96. Average target price for ING was reached at $9.10.
Fisher Asset Management, LLC, Morgan Stanley and Wellington Management Company, LLP are the top three holders in ING Groep N.V. (ING) stock. On Mar 30, 2020, Fisher Asset Management, LLC has 50.59 million shares which valued 260.56 million. On Mar 30, 2020, Morgan Stanley owned 19.48 million shares which valued at 100.33 million. On Mar 30, 2020, Wellington Management Company, LLP has a total of 10.56 million shares which valued at 54.37 million. In the end, Wellington Management Company, LLP have 0.27% shares outstanding of ING Groep N.V. (ING) on Mar 30, 2020. The insider ownership moved to 1.00% and institutional holding shifted to 4.00%.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ING fall -11.75% for period of 200 days. SMA for 50 days was 7.19% which is showing green signal, while SMA-20 was 5.76%. The moving average value for ING Groep N.V. (ING) is 3.38M and 0.11% for 200 and 50 days respectively.