ING Group, N.V. (NYSE:ING) Short Interest Update

ING Group, N.V. (NYSE:ING) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 1,002,207 shares, a decline of 52.2% from the May 31st total of 2,095,786 shares. Based on an average trading volume of 4,452,077 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of ING Group

Large investors have recently made changes to their positions in the company. MidFirst Bank purchased a new position in ING Group during the 4th quarter worth approximately $25,000. YANKCOM Partnership lifted its stake in ING Group by 197.2% in the fourth quarter. YANKCOM Partnership now owns 948 shares of the financial services provider’s stock valued at $27,000 after buying an additional 629 shares during the last quarter. Evergreen Advisors LLC purchased a new stake in ING Group in the first quarter valued at approximately $28,000. Binnacle Investments Inc lifted its stake in ING Group by 57.0% in the third quarter. Binnacle Investments Inc now owns 1,088 shares of the financial services provider’s stock valued at $28,000 after buying an additional 395 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of ING Group by 359.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,113 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 871 shares during the period. 4.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ING shares. Zacks Research lowered shares of ING Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen downgraded shares of ING Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings reissued a “buy (b)” rating on shares of ING Group in a report on Friday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating on shares of ING Group in a report on Monday, March 23rd. Finally, Keefe, Bruyette & Woods upgraded ING Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ING Group Trading Up 0.3%

Shares of ING Group stock opened at $31.48 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The company has a fifty day simple moving average of $30.06 and a 200-day simple moving average of $28.80. The stock has a market cap of $91.61 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.01 and a beta of 0.85. ING Group has a 12-month low of $22.07 and a 12-month high of $32.22.

ING Group (NYSE:ING) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. ING Group had a net margin of 27.68% and a return on equity of 12.27%. The firm had revenue of $616.97 million for the quarter, compared to analyst estimates of $6.86 billion. On average, equities analysts forecast that ING Group will post 2.77 EPS for the current fiscal year.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.