Fri Sep 20 13:42:13 UTC 2024: ## ING Groep Hits New 52-Week High, Barclays Upgrades Stock

**Amsterdam, Netherlands – September 20, 2024** – ING Groep (NYSE:ING) surged to a new 52-week high on Friday, reaching $18.74 per share before closing at $18.74. This follows a positive outlook from Barclays, who upgraded the company’s stock rating from “equal weight” to “overweight” on June 7th.

The Dutch financial services provider recently reported strong quarterly earnings, revealing a $0.58 earnings per share for the quarter ending August 1st. This represents a slight decrease from the previous year’s $0.65 EPS. Revenue for the quarter reached $6.15 billion, demonstrating continued growth for the company.

Analysts are optimistic about ING Groep’s future, forecasting an earnings per share of 2.02 for the current year. Further bolstering investor confidence, ING Groep recently announced a semi-annual dividend of $0.8143 per share, representing a 5.9% yield and an increase from their previous dividend.

Institutional investors have also shown strong interest in ING Groep. Sei Investments Co., Capital Research Global Investors, Confluence Investment Management LLC, Lighthouse Investment Partners LLC, and Goldman Sachs Group Inc. all either increased their holdings or acquired new positions in the company’s stock during recent quarters.

ING Groep continues to expand its reach, providing banking products and services across the Netherlands, Belgium, Germany, and internationally. The company’s strong performance and positive market sentiment suggest a bright future for ING Groep.

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