ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING - Get Free Report) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 2,070,000 shares, an increase of 44.8% from the November 15th total of 1,430,000 shares. Based on an average daily volume of 1,880,000 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company's shares are short sold.

Institutional Trading of ING Groep

Several large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its stake in shares of ING Groep by 0.6% in the 3rd quarter. Fisher Asset Management LLC now owns 68,451,083 shares of the financial services provider's stock worth $1,243,072,000 after buying an additional 429,562 shares in the last quarter. Natixis Advisors LLC raised its position in ING Groep by 71.3% in the third quarter. Natixis Advisors LLC now owns 3,306,798 shares of the financial services provider's stock worth $60,051,000 after acquiring an additional 1,376,713 shares in the last quarter. American Century Companies Inc. lifted its holdings in ING Groep by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,124,581 shares of the financial services provider's stock valued at $19,275,000 after acquiring an additional 60,908 shares during the last quarter. HighTower Advisors LLC lifted its holdings in ING Groep by 1.7% in the 3rd 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. Finally, Raymond James & Associates boosted its position in shares of ING Groep by 49.7% during the 3rd quarter. Raymond James & Associates now owns 794,658 shares of the financial services provider's stock valued at $14,431,000 after purchasing an additional 263,904 shares in the last quarter. 4.49% of the stock is currently owned by institutional investors and hedge funds.

ING Groep Stock Performance

NYSE ING traded up $0.28 during trading hours on Friday, hitting $15.56. The company had a trading volume of 1,093,122 shares, compared to its average volume of 2,307,199. ING Groep has a fifty-two week low of $12.77 and a fifty-two week high of $18.72. The firm has a market cap of $54.43 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 6.07 and a beta of 1.48. 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 business has a fifty day simple moving average of $16.34 and a 200-day simple moving average of $17.23.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Barclays cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 22nd. Morgan Stanley cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, November 26th. Finally, Citigroup raised ING Groep to a "strong-buy" rating in a research report on Thursday, October 17th.

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.