| Over a week ago | ||||
Berenberg raised the… Berenberg raised the firm's price target on ING Groep to EUR 16.50 from EUR 13 and keeps a Buy rating on the shares. | ||||
ING announced the start… ING announced the start of a share repurchase program under which it plans to repurchase ordinary shares of ING Groep N.V., for a maximum total amount of EUR 50M. The purpose of the share repurchase program is to meet obligations under the share-based compensation plans. ING Group's CET1 ratio was 14.5% at the end of the fourth quarter of 2022, which is well above the prevailing CET1 ratio requirement of 10.58%. After fulfilling delivery obligations under the employee share-based compensation scheme, the buyback program has negligible impact on our CET1 ratio. The share repurchase will commence on March 1 and is expected to end no later than March 7. | ||||
| Over a month ago | ||||
JPMorgan analyst Raul… JPMorgan analyst Raul Sinha raised the firm's price target on ING Groep to EUR 14.80 from EUR 14.60 and keeps an Overweight rating on the shares. | ||||
JPMorgan analyst Raul… JPMorgan analyst Raul Sinha raised the firm's price target on ING Groep to EUR 14.60 from EUR 13.40 and keeps an Overweight rating on the shares. | ||||
Societe Generale analyst… Societe Generale analyst Phelbe Pace downgraded ING Groep to Hold from Buy with a EUR 13.40 price target. | ||||
Reports Q4 profit before… Reports Q4 profit before tax EUR 1.71B. Reports Q4 CET1 capital ratio 14.5%. The company said, "We continued to execute on our strategy and delivered strong results, as well as made significant progress in a number of areas, including providing seamless digital services using our strong scalable tech and operations foundations. An example of this is our onboarding process in the Netherlands, where 52% of new customers were digitally onboarded in the fourth quarter of 2022, up from 39% in the same quarter of 2021. This is really strong proof of how we're digitalising our sales and service model in one of our Market Leaders countries. The year 2022 closed with impressive growth in the number of global mobile payments transactions, reaching a remarkable amount of 1.4 billion transactions, up more than 60% year-on-year." | ||||
Barclays analyst Omar… Barclays analyst Omar Fall raised the firm's price target on ING Groep to EUR 12.50 from EUR 11.50 and keeps an Equal Weight rating on the shares. | ||||
ING announced that it has… ING announced that it has completed the share buyback program that started on November 3. The total number of shares repurchased under the program is 107,032,745 ordinary shares at an average price of EUR 11.25 for a total consideration of EUR 1,203,635,570.77. During the last week of the program from December 26 up to and including December 28, ING has repurchased 43 shares. These shares were repurchased at an average price of EUR 11.61 for a total amount of EUR 499.13. In line with the announcement of the program on November 3, the remainder of the total amount of EUR 1.5 billion, amounting to EUR 297M, or EUR 0.082 per share, will be paid to shareholders in cash on January 16, 2023, the company stated. | ||||
| Over a quarter ago | ||||
JPMorgan analyst Raul… JPMorgan analyst Raul Sinha raised the firm's price target on ING Groep to EUR 13.40 from EUR 13 and keeps an Overweight rating on the shares. | ||||
Morgan Stanley analyst… Morgan Stanley analyst Giulia Aurora Miotto raised the firm's price target on ING Groep to EUR 16 from EUR 14 and keeps an Overweight rating on the shares. | ||||
