ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING) saw a significant decline in short interest during 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. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of ING Groep

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ING. Fisher Asset Management LLC raised its stake in shares of ING Groep by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider’s stock valued at $1,243,072,000 after buying an additional 429,562 shares during the last quarter. Natixis Advisors LLC boosted its holdings in ING Groep by 71.3% in the 3rd quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider’s stock worth $60,051,000 after buying an additional 1,376,713 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ING Groep by 17.9% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 1,695,710 shares of the financial services provider’s stock worth $27,962,000 after purchasing an additional 257,440 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ING Groep by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider’s stock worth $19,275,000 after purchasing an additional 60,908 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in ING Groep by 1.7% in the third quarter. HighTower Advisors LLC now owns 948,188 shares of the financial services provider’s stock valued at $17,180,000 after acquiring an additional 15,964 shares during the last quarter. Institutional investors and hedge funds own 4.49% of the company’s stock.

ING Groep Stock Up 1.7 %

Shares of ING Groep stock traded up $0.26 during trading on Friday, reaching $15.74. The company’s stock had a trading volume of 3,733,430 shares, compared to its average volume of 2,003,215. The company has a 50-day simple moving average of $17.32 and a two-hundred day simple moving average of $17.48. ING Groep has a 1-year low of $12.77 and a 1-year high of $18.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market cap of $55.06 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 6.13 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ING shares. Citigroup upgraded ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.