ING Groep NV (ING) Short Interest Update

ING Groep NV (NYSE:ING) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,652,055 shares, a decrease of 40.0% from the July 13th total of 2,753,858 shares. Based on an average daily volume of 6,555,484 shares, the short-interest ratio is currently 0.3 days.

Large investors have recently added to or reduced their stakes in the company. AMG National Trust Bank lifted its holdings in shares of ING Groep by 2.6% during the 2nd quarter. AMG National Trust Bank now owns 193,963 shares of the financial services provider’s stock worth $2,778,000 after acquiring an additional 4,861 shares during the period. Northern Trust Corp lifted its holdings in shares of ING Groep by 2.2% during the 1st quarter. Northern Trust Corp now owns 4,428,122 shares of the financial services provider’s stock worth $74,968,000 after acquiring an additional 95,214 shares during the period. Schafer Cullen Capital Management Inc. lifted its holdings in shares of ING Groep by 1.0% during the 1st quarter. Schafer Cullen Capital Management Inc. now owns 4,893,803 shares of the financial services provider’s stock worth $82,852,000 after acquiring an additional 46,620 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of ING Groep by 13.6% during the 1st quarter. Eagle Asset Management Inc. now owns 42,234 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 5,043 shares during the period. Finally, Dorsey Wright & Associates lifted its holdings in shares of ING Groep by 36.3% during the 1st quarter. Dorsey Wright & Associates now owns 459,305 shares of the financial services provider’s stock worth $7,738,000 after acquiring an additional 122,413 shares during the period. 3.64% of the stock is owned by institutional investors.

A number of analysts have weighed in on the stock. ValuEngine downgraded shares of ING Groep from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. UBS Group reissued a “buy” rating on shares of ING Groep in a report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.00.

NYSE:ING opened at $13.38 on Friday. The stock has a market cap of $53.47 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.29 and a beta of 1.23. ING Groep has a 52 week low of $13.18 and a 52 week high of $20.58. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.29.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, August 21st. Stockholders of record on Monday, August 13th will be issued a dividend of $0.2799 per share. This represents a dividend yield of 6.86%. The ex-dividend date is Friday, August 10th. ING Groep’s payout ratio is 31.94%.

About ING Groep

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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