ING Groep NV (NYSE:ING) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 1,338,106 shares, a decrease of 46.2% from the May 15th total of 2,488,435 shares. Based on an average daily volume of 3,810,217 shares, the short-interest ratio is presently 0.4 days.
Shares of ING Groep opened at $14.64 on Thursday, according to MarketBeat Ratings. ING Groep has a 12-month low of $14.31 and a 12-month high of $20.58. The stock has a market capitalization of $57.08 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.96.
ING Groep (NYSE:ING) last announced its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter. ING Groep had a net margin of 28.03% and a return on equity of 10.61%. The company had revenue of $5.48 billion for the quarter. equities analysts predict that ING Groep will post 1.57 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in shares of ING Groep by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 3,074,863 shares of the financial services provider’s stock valued at $56,762,000 after buying an additional 90,525 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of ING Groep by 148.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 53,055 shares of the financial services provider’s stock valued at $979,000 after buying an additional 31,735 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of ING Groep by 13.1% during the fourth quarter. First Republic Investment Management Inc. now owns 106,905 shares of the financial services provider’s stock valued at $1,973,000 after buying an additional 12,391 shares during the period. Northern Trust Corp lifted its stake in shares of ING Groep by 2.2% during the first quarter. Northern Trust Corp now owns 4,428,122 shares of the financial services provider’s stock valued at $74,968,000 after buying an additional 95,214 shares during the period. Finally, Icon Wealth Partners LLC purchased a new position in shares of ING Groep during the fourth quarter valued at approximately $202,000. 3.60% of the stock is currently owned by institutional investors.
ING has been the topic of several recent research reports. Zacks Investment Research downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a report on Tuesday, April 3rd. ValuEngine downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of ING Groep in a report on Tuesday, April 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. ING Groep currently has an average rating of “Buy” and an average target price of $21.00.
ING Groep Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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