ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,930,000 shares, a growth of 32.0% from the January 31st total of 2,220,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,420,000 shares, the days-to-cover ratio is presently 1.2 days.

ING Groep Trading Up 5.6 %

Shares of NYSE ING opened at $19.49 on Thursday. ING Groep has a fifty-two week low of $14.28 and a fifty-two week high of $19.96. The firm has a market capitalization of $68.16 billion, a P/E ratio of 9.11, a P/E/G ratio of 6.42 and a beta of 1.44. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $16.64 and its 200 day simple moving average is $16.78.

ING Groep (NYSE:ING) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). ING Groep had a net margin of 28.30% and a return on equity of 11.81%. On average, analysts predict that ING Groep will post 2.14 EPS for the current year.

ING Groep Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were paid a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s payout ratio is 29.91%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

Hedge Funds Weigh In On ING Groep

Several institutional investors have recently modified their holdings of ING. Roxbury Financial LLC acquired a new stake in shares of ING Groep in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group grew its holdings in ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,207 shares during the period. Redwood Investments LLC bought a new stake in ING Groep in the fourth quarter valued at approximately $41,000. Versant Capital Management Inc acquired a new stake in ING Groep in the fourth quarter worth $45,000. Finally, IFP Advisors Inc boosted its position in shares of ING Groep by 25.1% during the fourth quarter. IFP Advisors Inc now owns 3,095 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 621 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Company Profile

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.