ING Groep (NYSE:ING) Short Interest Up 9.6% in May

ING Groep (NYSE:INGGet Free Report) saw a large growth in short interest in 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. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 2,680,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of ING Groep

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC grew its holdings in shares of ING Groep by 8.7% during the fourth quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock worth $957,918,000 after purchasing an additional 5,094,340 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 buying an additional 860,527 shares during the last quarter. Natixis Advisors L.P. increased its position in ING Groep by 75.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,802,537 shares of the financial services provider’s stock worth $27,074,000 after buying an additional 774,781 shares during the period. Wells Fargo & Company MN increased its position in ING Groep by 96.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,332,957 shares of the financial services provider’s stock worth $20,021,000 after buying an additional 655,011 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake 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 valued at $128,693,000 after buying an additional 622,037 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on ING Groep

ING Groep Stock Down 0.4 %

NYSE ING traded down $0.07 during trading on Tuesday, reaching $16.94. 1,801,345 shares of the company’s stock were exchanged, compared to its average volume of 2,821,479. The company has a 50 day moving average price of $17.03 and a two-hundred day moving average price of $15.46. The stock has a market cap of $59.26 billion, a P/E ratio of 7.50 and a beta of 1.54. ING Groep has a 1 year low of $12.44 and a 1 year high of $18.04. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.12 and a current ratio of 1.12.

ING Groep (NYSE:INGGet Free Report) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.52 earnings per share for the quarter. The business had revenue of $6.06 billion for the quarter. ING Groep had a return on equity of 13.22% and a net margin of 32.20%. On average, equities research analysts anticipate that ING Groep will post 2.01 EPS for the current fiscal year.

ING Groep Company Profile

(Get Free Report)

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.

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