ING Groep NV (ADR) Could Rise a Lot According to The Today’s Call Option Activity

 ING Groep NV (ADR) Could Rise a Lot According to The Today's Call Option Activity

In today’s session ING Groep NV (ADR) (ING) registered an unusually high (242) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ING increase. With 242 contracts traded and 7184 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ING170120C00015000 closed last at: $0.35 or 22.2% down. About 1.91 million shares traded hands. ING Groep NV (ADR) (NYSE:ING) has risen 13.67% since April 13, 2016 and is uptrending. It has outperformed by 9.75% the S&P500.

ING Groep NV (ADR) (NYSE:ING) Ratings Coverage

Out of 5 analysts covering ING Groep N.V. (NYSE:ING), 4 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 80% are positive. ING Groep N.V. has been the topic of 5 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock of ING Groep NV (ADR) (NYSE:ING) has “Outperform” rating given on Friday, September 23 by RBC Capital Markets. On Friday, October 9 the stock rating was initiated by Natixis with “Buy”. Kepler Cheuvreux upgraded the shares of ING in a report on Friday, February 5 to “Buy” rating. The rating was upgraded by Deutsche Bank on Thursday, August 27 to “Buy”. The rating was downgraded by Morgan Stanley on Thursday, March 31 to “Underweight”.

According to Zacks Investment Research, “ING GROEP-ADR is a global financial institution of Dutch origin offering banking, insurance and asset management to over 50 million private, corporate and institutional clients in 65 countries. ING can fully deliver what today’s clients expect: unlimited access, maximum convenience, immediate and accurate execution, personal advice, tailor-made solutions and competitive rates.”

ING Groep N.V. is a financial institution. The company has a market cap of $55.61 billion. The Firm offers banking services. It has a 11.83 P/E ratio. The Company’s divisions include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

ING Company Profile

ING Groep N.V. (ING), incorporated on January 21, 1991, is a financial institution. The Firm offers banking services. The Company’s divisions include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company’s Retail Banking business lines provide services and products to individuals, small and medium-sized enterprises (SMEs) and mid-corporates.

Another recent and important ING Groep NV (ADR) (NYSE:ING) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on May 13, 2009.

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