ING Groep NV | StockChase
76
ING Groep NV (ING-N)

Last Price Recorded: $18.0600 on 2017-11-17

ON STOCKCHASE SINCE Feb 2001

banking

investment companies/funds

ING Groep NV


Signal Opinion Expert

2013-07-02

TOP PICK
ING Groep NV (ING-N)

Got damaged during financial crisis.  Emerged as a very profitable bank and insurance company.  Just spun off US insurance operations.  Worth 15% of share price.  Selling for half tangible book value.  2014 they will finish paying back the Dutch government and will become a dividend-paying company.  They will really jack the dividend up.  Sees shares doubling in the next 2-3 years.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $9.190
Owned: Yes

2016-12-21

TOP PICK
ING Groep NV (ING-N)

This keeps looking better and better. It is at the front end of technology in the European banking system. They got caught in the rigmarole of 2008, and had to borrow money from the Dutch government. They quickly liquidated in Canada and the US and paid the Dutch government back, and excelled on their new technology platform and are able to deliver costs much cheaper than the other European banks. Thinks it will be the leader in Europe. Dividend yield of 4.77%. (Analysts’ price target is $13.89.)

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $14.290
Owned: Yes

2016-09-14

TOP PICK
ING Groep NV (ING-N)

This is interesting. They had to get money from the Dutch government to survive. They took the money and then they did the consolidation before they were told to. They sold ING Direct in Canada and Voya Financial in the US, cleaned it all up and got in front of the curve, in front of the regulators. You now have a high-tech banking system. We are now starting to see some growth come in. Dividend yield of 4.4%.

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $12.170
Owned: Yes

2015-10-05

TOP PICK
ING Groep NV (ING-N)

They have paid back their loan to the Dutch government and are paying a dividend again.  Almost a 4% dividend that will grow.  They are in the Netherlands and Belgium.  There are no capital issues.  It should be smooth sailing ahead.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $14.780
Owned: Yes

2016-11-24

TOP PICK
ING Groep NV (ING-N)

This bank got itself in trouble during the financial crisis. Took a $10 billion-euro loan from the Dutch government. They’ve sold off all of the bad stuff, paid off all their debt. They are purely a retail bank, unlike the rest. Trading at 10X earnings, less than tangible BV, and a 5%+ dividend yield easily covered by earnings. He forecasts an earnings growth in the high single digits to 10% in the next few years. Compellingly cheap. Dividend yield of 3.97%. (Analysts’ price target is $14.47.)

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $13.500
Owned: Yes

2017-08-24

TOP PICK
ING Groep NV (ING-N)

He likes the international markets.  They are benefiting from Euro zone upturn in growth.  They sold off their insurance business to focus just on banking.  (Analysts’ target: $21.90).

investment companies/funds
Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $17.770
Owned: Yes

2011-01-24

TOP PICK
ING Groep NV (ING-N)
Pure retail bank/insurance company. Made a small mistake during the financial crisis by taking deposits from ING Direct and buying US sub-prime paper. Now completely recovered and profitable. At a $10-$11 share price they will earn $1.80 per share this year. Took a $10 billion loan from the Dutch government and already repaid half. Will spin off 2 IPO’s in the next 12 months of their US and European insurers. Low risk.
investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $11.220
Owned: Yes

2017-10-23

TOP PICK
ING Groep NV (ING-N)

He is sticking with this one.  It is a great company in a sector that has not moved much yet.  There is so much potential when Europe starts to deregulate and when they start to raise interest rates.  There is so much money to be made in the banking sector.  It is one of the best EU banks.  (Analysts’ target: $22.00).

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $18.510
Owned: Yes

2008-10-01

SPECULATIVE BUY
ING Groep NV (ING-N)
10% yield. Too risky to take a full position. May get nationalized, in which case capital gets wiped out.
investment companies/funds
Kevin O'Leary

Chairman, O'Leary Funds

Price: $23.100
Owned: Unknown

2012-08-14

SELL
ING Groep NV (ING-N)

(Market Call Minute) Going through significant restricting because Dutch government bailed the company out

investment companies/funds
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $7.100
Owned: No

2008-12-12

SELL
ING Groep NV (ING-N)
Wouldn't want to own this one right now as there will be future demands for more capital, which will dilute the earnings per share. This choice would be Banco Bilbao (BFR-N).
investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $9.690
Owned: No

2016-08-08

PAST TOP PICK
ING Groep NV (ING-N)

(A Top Pick Oct 5/15. Down 17.27%.) The only European bank that is problem free. They are in 2 countries that we never read about, the Netherlands and Belgian. It is a retail bank, not an investment bank. Just came out with another fantastic quarter. The stock is selling at less than 10X earnings. A pristine bank with zero problems. Dividend yield of 6%, but it is sustainable. This is getting hammered with a whole European banking sector.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $11.780
Owned: Yes

2014-08-18

PAST TOP PICK
ING Groep NV (ING-N)

(A Top Pick July 2/13. Up 46.68%.) (See comments under ING-N.) Still a buy.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $13.480
Owned: Yes

2017-10-23

PAST TOP PICK
ING Groep NV (ING-N)

(A Past Top Pick Sep 14/16, Up 59%)  There is still lots of room here.  This is best of breed.  The strength of the US$ helped boost the return on the ADR.  They were the first one to cut costs and to pay the Dutch government back.

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $18.510
Owned: Yes

2011-03-25

PAST TOP PICK
ING Groep NV (ING-N)
(Top Pick Jan 24/11, Up 18.54%) Did get itself in trouble during the collapse. Will be spinning off their two global insurance businesses. Said they would sell ING direct if they get the right price. Trading for less than book value. The breakup value of the company is $25.
investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $13.070
Owned: Unknown

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