ING Groep (NYSE:ING) Short Interest Down 34.8% in February

ING Groep (NYSE:ING - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,910,000 shares, a drop of 34.8% from the February 13th total of 2,930,000 shares. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company's shares are short sold.

ING Groep Trading Down 0.4 %

Shares of ING traded down $0.08 during mid-day trading on Wednesday, reaching $20.41. 957,629 shares of the company were exchanged, compared to its average volume of 2,262,706. ING Groep has a 52 week low of $15.09 and a 52 week high of $20.79. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $71.38 billion, a PE ratio of 9.53, a PEG ratio of 6.42 and a beta of 1.44. The business has a 50 day simple moving average of $17.44 and a two-hundred day simple moving average of $16.92.

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

Remove Ads

ING Groep Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Stockholders of record on Monday, January 13th were given a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a dividend yield of 6.4%. ING Groep's dividend payout ratio (DPR) is 29.91%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ING Groep

Several large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its stake in ING Groep by 0.6% during the third quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider's stock worth $1,243,072,000 after purchasing an additional 429,562 shares during the period. Northern Trust Corp grew its stake in ING Groep by 48.2% during the fourth quarter. Northern Trust Corp now owns 4,161,116 shares of the financial services provider's stock worth $65,205,000 after purchasing an additional 1,353,054 shares during the period. Royal Bank of Canada grew its stake in ING Groep by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock worth $61,844,000 after purchasing an additional 31,963 shares during the period. Natixis Advisors LLC grew its stake in ING Groep by 2.3% during the fourth quarter. Natixis Advisors LLC now owns 3,381,569 shares of the financial services provider's stock worth $52,989,000 after purchasing an additional 74,771 shares during the period. Finally, Todd Asset Management LLC grew its stake in ING Groep by 1.6% during the fourth quarter. Todd Asset Management LLC now owns 2,771,941 shares of the financial services provider's stock worth $43,436,000 after purchasing an additional 42,851 shares during the period. Institutional investors and hedge funds own 4.49% of the company's stock.

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.