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Morningstar

ING Groep NV INGA Stock Quote

Morningstar Rating

XAMS: INGA

Last close prices updated as of Jun 02, 2023, 5:35 PM CET | EUR
  • Last Close 11.68
  • Sector Financial Services
  • Industry Banks - Diversified
  • Investment Style Large Blend
  • Day Range 11.70  –  11.99
  • Year Range 8.43  –  13.55
  • Market Cap 43.2384 Bil
  • Volume / Avg 10.8 Mil /  15.9 Mil
  • Price / Sales 2.16
  • Price / Book 0.82
  • Forward Div Yield 4.79%
  • Trailing Div Yield 4.85%

Morningstar‘s Stock Analysis INGA

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

ING Earnings: New Buyback Announced; We Believe Shareholder Distributions Can Reach 15% for 2023

Johann Scholtz Equity Analyst

Analyst Note

| Johann Scholtz |

ING's results for the first quarter of 2023 followed the same script we saw at most of its European peers this quarter. Strong earnings growth was driven mainly by expanding net interest margins—benefiting from higher interest rates, sound credit quality with credit costs remaining below midcycle levels, some inflationary pressure on costs, and no signs of any spillover from the stress in U.S. regional banks. As with its peers, ING's valuation does not reflect the structural step-change in its profitability due to the return of positive interest rates. The market still seems to discount some undefined risk to the banking system. The announcement of a fresh share buyback of EUR 1.5 billion (4% of current market value) is a welcome development. The buyback is on top of ING's regular dividend payment of 50% of earnings. Currently, ING trades at a 7% forward dividend yield. If ING announces another buyback in November, as we now expect, investors are looking at a total distribution of 15% of ING's current market value this year.

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Key Statistics INGA

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Company Profile INGA

Business Description

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support--a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.

Contact
Bijlmerdreef 106
Amsterdam, 1102 CT, NLD
Sector Financial Services
Industry Banks - Diversified
Employees 51,943

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Related News INGA

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Competitors & Peers INGA

More on INGA’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of INGA’s competitive advantage.

ING Groep NV

XAMS: INGA

Commerzbank AG

XETR: CBK

Svenska Handelsbanken AB Class A

XSTO: SHB A
Price
11.979.5889.90
Currency
EUREURSEK
Change
+$0.29 (2.52%) +$0.11 (1.20%) +$1.94 (2.21%)
Market Cap
43.24 Bil11.99 Bil178.00 Bil
Industry
Banks - Diversified Banks - Regional Banks - Diversified
Sector
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for ING Groep NV Stock

Yes. INGA has a forward dividend yield of 4.79%. See INGA’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

INGA’s market cap is 43.24 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

INGA’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

INGA’s price/sales is 2.14.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

INGA’s price/forward earnings is 8.74.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

INGA’s price/book is 0.82.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See INGA’s valuation ratios compared to the Market Index.

INGA’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare INGA’s historical performance against its industry peers and the overall market.