ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING - Get Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,220,000 shares, a decrease of 7.5% from the January 15th total of 2,400,000 shares. Based on an average trading volume of 2,340,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the stock are sold short.

ING Groep Price Performance

ING stock traded down $0.11 on Friday, reaching $17.12. 2,152,031 shares of the company's stock were exchanged, compared to its average volume of 2,595,527. The stock has a fifty day moving average of $16.19 and a 200-day moving average of $16.72. ING Groep has a twelve month low of $13.57 and a twelve month high of $18.72. The firm has a market cap of $59.87 billion, a PE ratio of 8.00, a P/E/G ratio of 6.35 and a beta of 1.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep (NYSE:ING - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $0.39 earnings per share 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%. As a group, equities analysts predict that ING Groep will post 2.14 EPS for the current fiscal year.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep's dividend payout ratio (DPR) is 30.37%.

Institutional Trading of ING Groep

Large investors have recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in ING Groep in the third quarter valued at $25,000. Roxbury Financial LLC acquired a new stake in shares of ING Groep during the fourth quarter valued at $25,000. Brooklyn Investment Group boosted its stake in shares of ING Groep by 184.8% during the fourth quarter. Brooklyn Investment Group now owns 1,860 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,207 shares during the last quarter. Redwood Investments LLC acquired a new stake in shares of ING Groep during the fourth quarter valued at $41,000. Finally, Versant Capital Management Inc acquired a new stake in shares of ING Groep during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 4.49% of the company's stock.

Analysts Set New Price Targets

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

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.