ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,070,000 shares, a decline of 21.3% from the October 15th total of 3,900,000 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of ING Groep

Several institutional investors and hedge funds have recently modified their holdings of ING. Sei Investments Co. lifted its holdings in ING Groep by 14.0% during the first quarter. Sei Investments Co. now owns 655,159 shares of the financial services provider’s stock worth $10,804,000 after acquiring an additional 80,398 shares during the period. Capital Research Global Investors increased its stake in shares of ING Groep by 51.2% during the 1st quarter. Capital Research Global Investors now owns 203,780 shares of the financial services provider’s stock worth $3,360,000 after purchasing an additional 68,966 shares during the last quarter. Virtu Financial LLC lifted its stake in ING Groep by 172.6% in the first quarter. Virtu Financial LLC now owns 77,870 shares of the financial services provider’s stock valued at $1,284,000 after purchasing an additional 49,307 shares during the last quarter. Creative Planning grew its holdings in ING Groep by 18.4% during the second quarter. Creative Planning now owns 209,405 shares of the financial services provider’s stock valued at $3,589,000 after purchasing an additional 32,534 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in ING Groep by 30.8% in the third quarter. Crossmark Global Holdings Inc. now owns 266,994 shares of the financial services provider’s stock worth $4,849,000 after buying an additional 62,801 shares during the last quarter. 4.49% of the stock is owned by hedge funds and other institutional investors.

ING Groep Stock Up 1.7 %

Shares of NYSE ING traded up $0.26 during mid-day trading on Friday, reaching $15.74. 3,733,430 shares of the company’s stock traded hands, compared to its average volume of 2,003,215. 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 business has a 50-day simple moving average of $17.32 and a 200 day simple moving average of $17.48. The stock has a market cap of $55.06 billion, a P/E ratio of 7.06, a PEG ratio of 6.13 and a beta of 1.52. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72.

Analyst Ratings Changes

ING has been the subject of several recent analyst reports. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th.

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.