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UBS has maintained a "Buy" rating for ING Group, setting a target price of 21 euros. Analyst Jason Napier noted increased interest from US investors in European banking stocks amid rising uncertainty over US tariffs, highlighting Barclays, ING, Intesa Sanpaolo, and Santander as top picks.
ING Groep (NYSE:ING) has seen a 23.5% reduction in shares held by Dorsey Wright & Associates, while other institutional investors have adjusted their stakes. The company recently upgraded its dividend to $0.6526, yielding 5.1%, and reported a quarterly EPS of $0.39, missing estimates. Analysts maintain a "Moderate Buy" rating, with Goldman Sachs upgrading it to "buy."
ING is reportedly exploring a potential acquisition of Italian bank Popolare di Sondrio as part of its European expansion strategy. Preliminary discussions have taken place, but success is uncertain, especially with BPER Banca's existing €4.3 billion offer. Sondrio has engaged Bank of America and Morgan Stanley for defense and plans to redistribute €1.5 billion to shareholders to deter hostile bids.
ING Groep is considering acquiring Banca Popolare di Sondrio, potentially challenging BPER Banca's 4.3 billion-euro bid. This move could intensify competition in the Italian banking sector, attracting investor interest amid a backdrop of strategic mergers and acquisitions in Europe. As Banca Popolare di Sondrio prepares for this rivalry, it has engaged Bank of America and Morgan Stanley to bolster its position, promising a 1.5 billion-euro return to shareholders over three years.
ING Groep has engaged in preliminary discussions with Italy's Banca Popolare di Sondrio as part of its European expansion strategy, although these talks are not yet advanced. This potential bid would compete with BPER Banca's recent €4.3 billion all-share offer for Sondrio, which is backed by Unipol, Italy's second-largest insurer. Sondrio is also taking defensive measures, including a significant shareholder payout plan, while ING aims to enhance its presence in Italy's banking sector.
ING Groep is in early discussions with Italy's Banca Popolare di Sondrio as part of its European expansion strategy, although no formal offer is expected. This potential bid would compete with BPER Banca's recent €4.3 billion all-share offer for Sondrio, which is also under defensive strategies against takeover attempts.
Short interest in ING Groep surged by 184.3% in March, reaching 5,430,000 shares. The stock received an upgrade from Goldman Sachs, now rated as a "buy," while trading at $20.11 with a market cap of $70.33 billion. The company also announced a dividend increase to $0.6526 per share, yielding 5.1%.
ING Groep N.V., the leading financial services group in Benelux, has labeled the demands of environmental nonprofit Milieudefensie as "unrealistic." The group's income is primarily derived from retail banking (67.4%), with significant revenues from the Netherlands (32.2%), Germany (19.1%), and Belgium (18%). By the end of 2024, ING managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
ING Groep has been upgraded from a "neutral" to a "buy" rating by The Goldman Sachs Group. The company's shares opened at $20.06, with a market cap of $70.16 billion and a PE ratio of 9.37. Despite a recent earnings miss, analysts expect ING Groep to post $2.14 earnings per share for the current fiscal year.
ING Groep N.V., the leading financial services group in Benelux, has criticized a Dutch environmental group's climate case claims as "unrealistic" and "unreasonable." The group's income is primarily derived from retail banking (67.4%), with significant revenues from the Netherlands (32.2%), Germany (19.1%), and Belgium (18%). As of the end of 2024, ING managed EUR 691.7 billion in current deposits and EUR 680.2 billion in current credits.
ING Groep N.V.
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ubs maintains buy rating for ing with target price of 21 euros
16:56 31.03.2025
ing groep updates dividend and analyst ratings amid stock performance changes
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ing explores acquisition of italian bank popolare di sondrio for expansion
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