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
     

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

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

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

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

2017-02-08

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

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

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

2016-12-21

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

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

2017-10-23

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

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

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

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

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

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