Short Interest in ING Groep (NYSE:ING) Decreases By 26.0%

ING Groep (NYSE:INGGet Free Report) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 3,700,000 shares, a decline of 26.0% from the April 15th total of 5,000,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,140,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On ING Groep

A number of institutional investors have recently modified their holdings of the business. Fisher Asset Management LLC boosted its position in shares of ING Groep by 8.7% in the fourth quarter. Fisher Asset Management LLC now owns 63,776,162 shares of the financial services provider’s stock valued at $957,918,000 after acquiring an additional 5,094,340 shares during the period. Goldman Sachs Group Inc. raised its stake in ING Groep by 7.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,568,136 shares of the financial services provider’s stock valued at $128,693,000 after purchasing an additional 622,037 shares in the last quarter. Aristotle Capital Management LLC raised its stake in ING Groep by 0.3% in the third quarter. Aristotle Capital Management LLC now owns 7,158,995 shares of the financial services provider’s stock valued at $94,356,000 after purchasing an additional 21,110 shares in the last quarter. FMR LLC raised its stake in ING Groep by 10.2% in the third quarter. FMR LLC now owns 5,113,296 shares of the financial services provider’s stock valued at $67,393,000 after purchasing an additional 474,505 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in ING Groep by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,799,350 shares of the financial services provider’s stock valued at $36,895,000 after purchasing an additional 98,057 shares in the last quarter. Institutional investors own 4.49% of the company’s stock.

ING Groep Trading Up 2.0 %

ING stock opened at $17.79 on Wednesday. The company has a fifty day moving average price of $16.14 and a two-hundred day moving average price of $14.71. The stock has a market cap of $62.23 billion, a price-to-earnings ratio of 7.87 and a beta of 1.56. ING Groep has a one year low of $12.21 and a one year high of $17.82. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.12 and a quick ratio of 1.12.

ING Groep Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, May 10th. Stockholders of record on Thursday, April 25th were given a $0.697 dividend. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend was Wednesday, April 24th. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43. ING Groep’s payout ratio is presently 61.06%.

ING Groep Company Profile

(Get Free Report)

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.

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