ING Group, N.V. (NYSE:ING) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 9,547,692 shares, a growth of 68.5% from the May 15th total of 5,665,969 shares. Based on an average trading volume of 5,670,326 shares, the short-interest ratio is currently 1.7 days.

Several analysts have weighed in on the company. Zacks Investment Research raised ING Group, N.V. from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research note on Tuesday, May 9th. ValuEngine raised ING Group, N.V. from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 6th. HSBC Holdings plc downgraded ING Group, N.V. from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Wednesday, May 31st. Deutsche Bank AG reaffirmed a “buy” rating on shares of ING Group, N.V. in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC assumed coverage on ING Group, N.V. in a research note on Wednesday, April 19th. They set a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.00.

ING Group, N.V. (NYSE:ING) opened at 17.09 on Thursday. ING Group, N.V. has a 12 month low of $9.26 and a 12 month high of $17.50. The stock’s 50 day moving average price is $16.86 and its 200 day moving average price is $15.17. The firm has a market capitalization of $66.35 billion, a PE ratio of 12.25 and a beta of 1.21.

ING Group, N.V. (NYSE:ING) last posted its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. ING Group, N.V. had a return on equity of 10.47% and a net margin of 25.61%. The firm had revenue of $4.68 billion for the quarter. Equities research analysts expect that ING Group, N.V. will post $0.90 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in ING Group, N.V. by 5.4% in the first quarter. Bank of America Corp DE now owns 8,039,257 shares of the financial services provider’s stock valued at $121,313,000 after buying an additional 410,416 shares in the last quarter. NWQ Investment Management Company LLC increased its position in ING Group, N.V. by 7.8% in the fourth quarter. NWQ Investment Management Company LLC now owns 4,932,800 shares of the financial services provider’s stock valued at $69,552,000 after buying an additional 355,785 shares in the last quarter. Schafer Cullen Capital Management Inc. increased its position in ING Group, N.V. by 4.1% in the first quarter. Schafer Cullen Capital Management Inc. now owns 4,084,589 shares of the financial services provider’s stock valued at $61,636,000 after buying an additional 160,328 shares in the last quarter. Fisher Asset Management LLC increased its position in ING Group, N.V. by 545.9% in the first quarter. Fisher Asset Management LLC now owns 2,869,131 shares of the financial services provider’s stock valued at $43,295,000 after buying an additional 2,424,953 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in ING Group, N.V. by 10.2% in the first quarter. Parametric Portfolio Associates LLC now owns 2,503,729 shares of the financial services provider’s stock valued at $37,781,000 after buying an additional 232,169 shares in the last quarter. 1.85% of the stock is currently owned by hedge funds and other institutional investors.

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About ING Group, N.V.

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company’s segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease.

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