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

2017-11-02

COMMENT
ING Groep NV (ING-N)

ING (ING-N) or LLOYDS (LYG-N)?Lloyds is predominantly a retail bank in the UK, and this is predominantly a retail bank in the Netherlands. They had to sell off a lot of businesses. This is probably the stock to own over the next little while. They've taken a lot of costs out, and should see a growth in earnings.

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $18.500
Owned: Unknown

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

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

2017-10-23

PAST TOP PICK
ING Groep NV (ING-N)

(A Top Pick Nov 24/16. Up 40%.) This is in the Netherlands and Belgium. A pure retail bank. 4% dividend yield. Earnings growth of 8%-10%. Selling about 12X earnings. Extremely stable and benefiting from the rebound in Europe. Very cheap.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $18.510
Owned: Yes

2017-09-11

COMMENT
ING Groep NV (ING-N)

This has had some near-death experiences and the business has shrunk fairly dramatically. They have restructured and are much smaller than they were. A bit of a turnaround story and higher interest rates will work. Feels there are better opportunities elsewhere.

investment companies/funds
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $17.860
Owned: Unknown

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

2017-08-09

COMMENT
ING Groep NV (ING-N)

Lloyds Bank (LYG-N) or ING Groep (ING-N)? Both did very well coming out of the chute from when they were partially nationalized by the British government. Lloyds is probably a little more expensive. This is much more of a retail bank, and if run properly retail can easily be a 15% return.

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $18.610
Owned: Unknown

2017-06-09

COMMENT
ING Groep NV (ING-N)

He really likes this and thinks it could be one of the best European banks. They have the ability to spread across Europe without having a lot of bricks and mortar. They are very aggressive. They paid back the money they owed to the Dutch government. They pay a special dividend a couple of times a year. 4.25% dividend yield.

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $17.440
Owned: Yes

2017-06-08

DON'T BUY
ING Groep NV (ING-N)

It hit his radar during the recession.  It has moved up too far to be of interest now, although it could have a lot of upside.  It is no longer on his radar.

investment companies/funds
Benj Gallander

President, Contra the Heard Investment Letter

Price: $17.180
Owned: Unknown

2017-06-05

COMMENT
ING Groep NV (ING-N)

Lloyds (LYG-N) or ING (ING-N)? He would favour this over Lloyds. In the UK, Lloyds has had a big restructuring coming out of the financial crisis, and clearly that is now behind it. The problem is the political and economic uncertainty background in the UK. ING is a terrific business and is a very, very inexpensive stock. Thinks interest rates in Europe are set to go up, which should put the wind at the back of this bank.

investment companies/funds
Jim McGovern

CEO, Arrow Capital Management

Price: $16.840
Owned: Unknown

2017-04-20

DON'T BUY
ING Groep NV (ING-N)

A good, well managed bank with good capital ratios.  But it is not a pan-European bank.  A better way to play that would be BMP, a French bank with exposure to the entire continent.  He does not own either because there is not enough growth opportunity.  He prefers Spanish banks because unemployment is coming down and their exposure to emerging markets is good.

investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $15.290
Owned: Yes

2017-04-03

BUY
ING Groep NV (ING-N)

It is a well run bank, but does not have the huge upside it had before.

investment companies/funds
Benj Gallander

President, Contra the Heard Investment Letter

Price: $15.010
Owned: Unknown

2017-03-13

BUY on WEAKNESS
ING Groep NV (ING-N)

Compared to other European banks, he would consider this as average. Dividend yield of 4.5%, which probably attracts a number of people. However, ROE is only 9.5%, and they are still highly leveraged. If you own, continue to hold, but look for prices in order to Buy more.

investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $15.470
Owned: No

2017-02-08

COMMENT
ING Groep NV (ING-N)

This has had a good run and he is probably going to trim over the course of this year, and move the money into more capital markets focused banks in Europe such as a UBS or Credit Suisse. Dividend yield of about 6%.

investment companies/funds
Robert Lauzon

Deputy Chief Investment Officer, Middlefield Capital Corporation

Price: $14.270
Owned: Yes

2017-02-07

COMMENT
ING Groep NV (ING-N)

Liked this during the recession as it was badly beaten down. This is a company that will do better with interest rates going up.

investment companies/funds
Benj Gallander

President, Contra the Heard Investment Letter

Price: $14.670
Owned: No

2016-12-22

COMMENT
ING Groep NV (ING-N)

It was on the watch list and then it moved up quite a bit.  European banks could be a good thing right now.  Canadian banks are of zero interest to him.  ING-N could be a good one but he does not follow it.

investment companies/funds
Benj Gallander

President, Contra the Heard Investment Letter

Price: $14.250
Owned: Unknown

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

2016-12-16

DON'T BUY
ING Groep NV (ING-N)

Feels this is fairly valued. A great bank and a really well run organization. They have had a lack of interest rate sensitivity, which has been very good for them for the last several years. If interest rates start going back up, he is looking for banks that have interest rate sensitivity.

investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $14.140
Owned: Unknown

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

2016-11-15

COMMENT
ING Groep NV (ING-N)

Since Trump has been elected financial shares have benefited a great deal. 1.) The president elect is talking about easing financial regulations, which would make it better for companies like this. 2.) When interest rates go up, the banking side and insurance side of things have the ability to invest with a greater amount of spread. He thinks there are better opportunities than this, but it is not a bad idea.

investment companies/funds
John Burke

CEO & CIO, Burke Financial Strategies

Price: $14.140
Owned: Unknown

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

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

2016-06-16

COMMENT
ING Groep NV (ING-N)

HSBC Holdings (HSBC-N) or ING Groep (ING-N)?  Two very different companies. This one is much more of a retail bank. They are both cheap, but the issue becomes if we get out of this global slump, is where does the growth come from. If he had to pick one, he would choose this one, because being a good, strong retail bank is a very good business if it is done well.

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $11.010
Owned: No

2016-05-19

BUY
ING Groep NV (ING-N)

One of the few EU banks in good shape.  There will be dividend increases over the next 12 months.  This is about as clean as they come.  A hefty yield.  The just started paying it earlier this year.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $11.600
Owned: Yes

2016-01-07

BUY
ING Groep NV (ING-N)

He really likes the financials.  This sector is his number 1 weighting in his funds.  He had an analyst in a while ago who was pounding the table on this one.  This is a good one to enjoy ROE improvement and rising interest rates.

investment companies/funds
Craig Millar

Chief Investment Officer & Portfolio Mgr, Norrep Funds

Price: $12.670
Owned: No

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

2015-06-02

COMMENT
ING Groep NV (ING-N)

They finally repaid their last piece to the Dutch government and have started dividends for the 1st time in about 5-6 years. The dividend has lots of room to grow. He sees their earnings growth heading upwards to the double digit range for the next few years. He is still buying for new clients.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $16.550
Owned: Yes

2015-02-12

BUY
ING Groep NV (ING-N)

First dividend since 2007.  They completed paying off the Dutch government.  They also had to spin out their insurance businesses.  Going forward ING will just be a bank.  He thinks they will pay a 4% dividend soon.  They got rid of their problems a number of years ago.  It is actually a really cheap bank.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $13.750
Owned: Yes

2015-01-09

COMMENT
ING Groep NV (ING-N)

Have really scaled back and have gotten back into being a purer bank from a conglomerate. They are getting fixed; it is just a matter of where they are on the runway before lifting off. This will be okay once the European economy gets going again. While you’re waiting for this to go, your risk might be that you have some dead money for a while.

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP

Price: $12.270
Owned: Unknown

2014-11-27

BUY
ING Groep NV (ING-N)

They have split up their banking and insurance divisions.  Trades below book value, but has no dividend.  They cleaned up their balance sheet.  They are a safer company right now because they are in retail and commercial banking, although in Europe.  They are in a better situation than previously.  They are worth buying at these levels.  They passed all the stress tests.

investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $14.540
Owned: No

2014-11-04

COMMENT
ING Groep NV (ING-N)

Very bullish on this. It is really at an inflection point. They borrowed €10 billion from the Dutch government during a financial crisis. The last payment is due in the next few months, at which point the company will start paying a dividend again. Shares are trading at about 12X earnings, but earnings growth for the next 2-3 years is going to be in the 10%-20% range. The balance sheet is impeccably clean versus so many of the European banks that are in trouble. A compellingly cheap stock. Trading below breakup value and tangible book value. Thinks this is worth in the $25 range over the next 2-3 years.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $14.130
Owned: Yes

2014-08-18

BUY
ING Groep NV (ING-N)

Total debt to total capital is about 80%, but because this is a bank, you can’t look at debt to capital. Debt to them means investors deposits and things like that. This company has not paid a dividend since the financial crisis, and they can’t until they pay back the Dutch government the €1 billion that they borrowed. They will finish this in 2015 and will then return to a healthy dividend paying company. He is anticipating a dividend yield of around 4% and generating earnings at $1.20-$1.40 next year and higher by 10% a year in the next 2 years going forward.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $13.480
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

2014-06-24

HOLD
ING Groep NV (ING-N)

Effectively cutting costs and selling non-core areas.  They left Canada recently.  It is fairly valued.  He likes it.  They can still grow 10%. 

investment companies/funds
Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $13.920
Owned: Yes

2014-06-11

COMMENT
ING Groep NV (ING-N)

Like many European banks they did not do a great job of managing their balance sheet pre-Lehman Brothers. Invested in all sorts of businesses and all sorts of financial vehicles which plummeted in value and required a huge injection of capital from the Dutch government in 2008-2009. Have done a good job of spinning off all sorts of business, so the balance sheet is in stronger shape. One of his concerns is that, when you invest in a bank, you are getting exposure to the country they operate in, and he doesn’t think the economic picture in Holland is particularly great. Also, Holland has a housing market that is debatably overvalued. If your appetite for volatility is high and your time horizon is at least 2-3 years, this could be potentially an interesting buy at these levels.

investment companies/funds
Charles Lannon

Director of Research, Toron Investment Management

Price: $14.400
Owned: No

2014-05-27

BUY
ING Groep NV (ING-N)

Major Dutch financial conglomerate. It will be able to restore its dividend. The stock has done pretty well over the last year. Although the European financial banks are looking a lot better, but something like this with an insurance component is probably a lot safer bet than the euro zone banks.

investment companies/funds
Gavin Graham

Trustee, Pointbreak ETFs

Price: $13.870
Owned: Unknown

2014-04-09

HOLD
ING Groep NV (ING-N)

Hasn’t done any analysis on this one for quite some time. It’s a developed market bank. Capital ratios are very strong right now. Well managed. Doesn’t think there is anything wrong with this.

investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $14.140
Owned: No

2013-10-18

COMMENT
ING Groep NV (ING-N)

Good performer over 12 months.  If EU is recovering, financials will do very well.  Lifecos will do well also.  ING has good growth prospects.  Not sure where the right entry point is.   Analyzing insurance companies is one of the worst jobs in his business.  You have to look at their assets.  Not sure if you can analyze this as a do-it-yourselfer.

investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $12.960
Owned: Unknown

2013-09-11

COMMENT
ING Groep NV (ING-N)

Thinks that this is one that could actually do quite well. Not actively looking at this. Thinks you will see a recovery.

investment companies/funds
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $11.630
Owned: No

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

2013-04-30

BUY
ING Groep NV (ING-N)

Owned some sub prime paper and had to raise a bunch of capital. Issued a bunch of shares and got a loan from the Dutch government. That loan is almost fully repaid. Very, very profitable in banking and insurance. In excellent shape but cannot pay a dividend until they finish paying off the loan, which will probably happen by the end of 2013 and expect they will resume paying dividends in 2014. Trading for a very low multiple. Cheap discount to BV. Sees a lot of upside in this.

investment companies/funds
Lorne Steinberg

President & Portfolio Manager, Lorne Steinberg Wealth Management Inc

Price: $8.210
Owned: Yes

2013-04-17

BUY on WEAKNESS
ING Groep NV (ING-N)

This is on his Stock Watch list. Have done a wonderful job in terms of their turnaround. Sold off a tremendous number of assets, partially because the Dutch government wanted them to. Spread out too much with too many tentacles in too many places. If it got down to around $5.50-$6.50 he would be more interested but even the current price is a pretty good price point.

investment companies/funds
Benj Gallander

President, Contra the Heard Investment Letter

Price: $7.620
Owned: No

2012-11-07

DON'T BUY
ING Groep NV (ING-N)

Hard for him to get too excited about European financials in general. There may be some cyclical growth for these companies but he is not seeing secular growth or structural growth right now. It may have bottomed out and may be a good time to be accumulating but he is not too excited about the prospects.

investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $8.650
Owned: No

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

2012-05-30

DON'T BUY
ING Groep NV (ING-N)
In two very, very difficult lines of business. Banking and Insurance. If he were to look at it, they are primarily a deposit taking institution, which is good. A benign chart speaks well of the business.
investment companies/funds
Karl Berger

Partner, Toron Investment Management

Price: $5.780
Owned: Unknown

2011-10-04

BUY
ING Groep NV (ING-N)
On the watch list. Could potentially buy any time. Owns 5 banks so had a lot in financial right now. If he didn’t, he could see buying it. Key for the economy in Netherlands. Thinks eventually it will prosper again.
investment companies/funds
Benj Gallander

President, Contra the Heard Investment Letter

Price: $6.800
Owned: No

2011-09-26

DON'T BUY
ING Groep NV (ING-N)
European insurance companies may be a little bit better than the banks themselves, but they have too much exposure to sovereign debt.
investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $6.880
Owned: No

2011-08-30

DON'T BUY
ING Groep NV (ING-N)
Caught up in banking challenges in Europe. Have a good focus on the international retail market. Before he looked he would see what exposure they have to the European sovereign market. Research this stock and its exposure.
investment companies/funds
Karl Berger

Partner, Toron Investment Management

Price: $8.390
Owned: Yes

2011-08-11

DON'T BUY
ING Groep NV (ING-N)
Got an $8 billion injection from the Dutch government to stay solvent. Have been shedding insurance assets globally as well as some of the banking assets. You would be better served with a more cash flow oriented brand of investing. There will be a lot of volatility over the near-term.
investment companies/funds
Charles Lannon

Director of Research, Toron Investment Management

Price: $8.470
Owned: No

2011-05-20

DON'T BUY
ING Groep NV (ING-N)
Not done badly over the last year. Worst scenario for insurance companies is when stock markets and interest rates go down. Although it’s recovered a little bit since the financial crisis, it has large exposure to the European market.
investment companies/funds
Gavin Graham

Trustee, Pointbreak ETFs

Price: $11.700
Owned: Unknown

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

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

2010-11-03

HOLD
ING Groep NV (ING-N)
Has not followed this name that closely, but still has a little concern for insurance and banking industry in Europe. Doesn’t know if they have completely recognized the pain and suffering. He would add US Brokerage, then US banks and then third would be European financial services. ING is right up there in terms of European financial services.
investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $10.980
Owned: Unknown

2009-12-17

COMMENT
ING Groep NV (ING-N)
Will be splitting into 2 parts, banking and life insurance. This is probably the right decision, as it will give them a focus. Thinks the insurance business is very strong. European banks are going to have a struggle.
investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $9.860
Owned: No

2009-10-14

DON'T BUY
ING Groep NV (ING-N)
Interesting strategy. Trying to be a low-cost producer in global banking by aggressively going after the retail base, which is fairly capital intensive so this is not one he would favour.
investment companies/funds
Karl Berger

Partner, Toron Investment Management

Price: $18.730
Owned: No

2009-09-21

BUY
ING Groep NV (ING-N)
Went through a harrowing experience last fall. Had some issues distressed balance sheets. Sold off their ING Canada holdings. Given the run on pure banks, insurance companies might be better opportunities at this time.
investment companies/funds
Alexander Lane, B Comm, C

Vice President & Portfolio Manager, Dynamic Funds

Price: $16.620
Owned: No

2009-08-31

COMMENT
ING Groep NV (ING-N)
Has been hurt more than any other crisis before. Got caught on the US subprime loans and been forced to sell assets. Have now dealt with a lot of the issues and the Dutch government provided some financial help. Eventually all the banks and institutions will somehow find their way back.
investment companies/funds
Willem Hanskamp

Senior Vise President & Portfolio Manager, C. F. G. Heward Investment Management

Price: $15.070
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

2008-10-28

BUY on WEAKNESS
ING Groep NV (ING-N)
Doesn't think dividend cuts are probable in most of the banking industry. When perception of corporate risk turns, these stocks are going to bounce back quickly. If you own, you could average down. Even if we haven't got all the way to the bottom, snap backs are real easy to come by.
investment companies/funds
Alan Kral , CFA, CIC

Vice President, Trevor Stewart Burton & Jacobsen Inc.

Price: $7.810
Owned: No

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

2007-12-06

DON'T BUY
ING Groep NV (ING-N)
(Market Call Minute.) Be better one to own me is Northbridge Financial (NB-T).
investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $39.680
Owned: Unknown

2007-06-06

BUY on WEAKNESS
ING Groep NV (ING-N)
The one catalyst is if it becomes a take over candidate. Relatively cheap bank. Nothing negative to say about it. If it pulls back to around $40, it's probably worth looking at.
investment companies/funds
Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $44.450
Owned: No

2007-05-02

BUY
ING Groep NV (ING-N)
Model price 58.65. 21% positive differnential. It's as good a time as any to take a bet on this one.
investment companies/funds
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc.

Price: $45.940
Owned: Unknown

2007-04-23

BUY
ING Groep NV (ING-N)
Great company and well run. Not only an insurance company but is also a bank. Good yield.
investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $46.590
Owned: Unknown

2006-12-15

HOLD
ING Groep NV (ING-N)
In a long-term uptrend. The last little bounce is heading towards an all time high.
investment companies/funds
Kenneth P. Norquay, CMT

Partner, Castlemoore Inc.

Price: $44.050
Owned: Unknown

2006-11-09

BUY
ING Groep NV (ING-N)
Strong financial company with 3.5% growing dividend.
investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $42.960
Owned: Unknown

2006-08-22

BUY
ING Groep NV (ING-N)
Has a very good, growing franchise. Excellent management. Yield is around 4% and trades at 10 X earnings. Cheaper than Canadian banks.
investment companies/funds
Paul Harris, CFA

Portfolio Manager and Partner, Avenue Investment Management

Price: $42.210
Owned: Unknown

2005-12-06

BUY
ING Groep NV (ING-N)
A great company. The dividend yield has gone down because the price of a stock has moved up. Likes the capital gain move in the stock.
investment companies/funds
Don Reed

President and Chief Executive Officer, Franklin Templeton Investments

Price: $33.880
Owned: Yes

2005-07-25

BUY
ING Groep NV (ING-N)
Very strong company. Good management. Looking out 5 years, it looks like it's got good growth.
investment companies/funds
Don Reed

President and Chief Executive Officer, Franklin Templeton Investments

Price: $29.850
Owned: Yes

2004-10-05

BUY
ING Groep NV (ING-N)
Very strong company and strong diversfication.
investment companies/funds
Don Reed

President and Chief Executive Officer, Franklin Templeton Investments

Price: $26.200
Owned: Yes

2004-09-13

DON'T BUY
ING Groep NV (ING-N)
An ADR with Dutch shares being deposited in the US. You could be exposed to currency shifts in 2 jurisdictions. Prefers Canadian names in the financial services sector.
investment companies/funds
John Sinkins, CFA

Senior Portfolio Manager, Sentry Select Capital Corp

Price: $25.350
Owned: No

2003-08-06

BUY
ING Groep NV (ING-N)
Like the banks.Expect interest rates will remain low.Got hit early in the year but has rebounded somewhat.
investment companies/funds
Gavin Graham

Trustee, Pointbreak ETFs

Price: $19.660
Owned: Unknown

2003-01-13

BUY
ING Groep NV (ING-N)
Fantastic business. Well run.
investment companies/funds
Neil Murdock

Executive Vice President and Portfolio Manager, AIC Limited

Price: $17.900
Owned: Unknown

2002-04-23

BUY
ING Groep NV (ING-N)
Have had some short term difficulties. Long term outlook is good.
investment companies/funds
Steven Wippersteg

Senior Vice President and Portfolio Manager, Strategic Nova

Price: $26.660
Owned: Unknown

2002-03-14

BUY
ING Groep NV (ING-N)
Has made some good global acquisitions. Good management.
investment companies/funds
Gavin Graham

Trustee, Pointbreak ETFs

Price: $25.340
Owned: Unknown

2001-02-05

BUY
ING Groep NV (ING-N)
Likes
investment companies/funds
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $75.740
Owned: Unknown

Showing 1 to 76 of 76 entries

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