ING Groep NV | StockChase
77
ING Groep NV (ING-N)

Last Price Recorded: $18.3100 on 2017-11-24

ON STOCKCHASE SINCE Feb 2001

banking

investment companies/funds

ING Groep NV


Signal Opinion Expert
     

2017-11-22

HOLD
ING Groep NV (ING-N)

Sell ING or European telcos? The 1st question would be which telcos. However, the broader story on European telcos is different than what is happening in Canada or the US. Fibre to the home is being built out in Europe, and for the 1st time in about 12 years, European telcos are growing revenues and earnings. Thinks there is still a little upside in the telcos. Regarding financials in Europe, the big driver is going to be higher rates. Higher rates are going to be good for financials, so there is a little more room to run on ING. The balance sheet was freshly recapitalized. They sold off some assets. There is probably upside here as well.

investment companies/funds
Darren Sissons

Vice President and Partner, Campbell Lee & Ross

Price: $17.910
Owned: No

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

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