ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING - Get Free Report) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,220,000 shares, a drop 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 days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company's stock are short sold.

ING Groep Stock Down 0.6 %

NYSE:ING traded down $0.11 during mid-day trading on Friday, hitting $17.12. The stock had a trading volume of 2,152,286 shares, compared to its average volume of 2,595,527. The stock has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $16.72. The company has a market capitalization of $59.87 billion, a PE ratio of 8.00, a PEG ratio of 6.35 and a beta of 1.46. ING Groep has a twelve month low of $13.57 and a twelve month high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

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

ING Groep Cuts Dividend

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

Hedge Funds Weigh In On ING Groep

Hedge funds have recently added to or reduced their stakes in the stock. Fortitude Family Office LLC purchased a new position in ING Groep in the third quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in shares of ING Groep during the fourth quarter worth approximately $25,000. Brooklyn Investment Group grew its position 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 worth $29,000 after acquiring an additional 1,207 shares during the last quarter. Redwood Investments LLC purchased a new position in shares of ING Groep during the fourth quarter worth approximately $41,000. Finally, Versant Capital Management Inc purchased a new position in shares of ING Groep during the fourth quarter worth approximately $45,000. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of 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.