ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 4,320,000 shares, a growth of 9.6% from the May 15th total of 3,940,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,680,000 shares, the days-to-cover ratio is presently 1.6 days.

ING Groep Trading Down 0.4 %

NYSE:ING opened at $16.94 on Wednesday. The stock has a fifty day moving average price of $17.03 and a 200 day moving average price of $15.46. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.68. The firm has a market cap of $59.26 billion, a PE ratio of 7.50 and a beta of 1.54. ING Groep has a 12-month low of $12.44 and a 12-month high of $18.04.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter. The company had revenue of $6.06 billion during the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. Sell-side analysts anticipate that ING Groep will post 2.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of ING Groep from an “equal weight” rating to an “overweight” rating in a report on Friday, June 7th.

Institutional Trading of ING Groep

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in ING Groep by 8.7% in the 4th quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock valued at $957,918,000 after purchasing an additional 5,094,340 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in ING Groep by 2,566.3% during the 4th quarter. BNP Paribas Financial Markets now owns 894,059 shares of the financial services provider’s stock worth $13,429,000 after purchasing an additional 860,527 shares during the last quarter. Natixis Advisors L.P. grew its holdings in ING Groep by 75.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,802,537 shares of the financial services provider’s stock worth $27,074,000 after acquiring an additional 774,781 shares in the last quarter. Wells Fargo & Company MN increased its holdings in ING Groep by 96.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,332,957 shares of the financial services provider’s stock valued at $20,021,000 after buying an additional 655,011 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in ING Groep by 7.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock worth $128,693,000 after purchasing an additional 622,037 shares during the period. Institutional investors and hedge funds own 4.49% of the company’s stock.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.