Traders Buy Large Volume of Call Options on ING Groep (NYSE:ING)

ING Groep NV (NYSE:ING) saw some unusual options trading on Tuesday. Traders acquired 893 call options on the company. This is an increase of approximately 881% compared to the typical volume of 91 call options.

Institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC increased its holdings in shares of ING Groep by 80.1% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 3,169 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,409 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of ING Groep in the 2nd quarter worth $43,000. Whittier Trust Co. increased its holdings in shares of ING Groep by 525.0% in the 3rd quarter. Whittier Trust Co. now owns 5,075 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 4,263 shares in the last quarter. Kistler Tiffany Companies LLC bought a new stake in shares of ING Groep in the 3rd quarter worth $57,000. Finally, Advisory Services Network LLC increased its holdings in shares of ING Groep by 32.7% in the 2nd quarter. Advisory Services Network LLC now owns 6,074 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,497 shares in the last quarter. 3.49% of the stock is owned by institutional investors and hedge funds.

ING has been the subject of a number of analyst reports. Zacks Investment Research lowered ING Groep from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. UBS Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Tuesday, October 15th. Barclays raised ING Groep from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 23rd. Goldman Sachs Group reaffirmed a “buy” rating on shares of ING Groep in a research report on Monday, November 4th. Finally, ValuEngine raised ING Groep from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. ING Groep currently has a consensus rating of “Hold” and a consensus target price of $12.08.

ING Groep stock opened at $11.58 on Thursday. The firm has a market cap of $45.31 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 6.72 and a beta of 1.35. The stock has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $10.92. ING Groep has a 12 month low of $9.22 and a 12 month high of $13.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.20.

ING Groep (NYSE:ING) last posted its earnings results on Thursday, October 31st. The financial services provider reported $0.39 EPS for the quarter. The business had revenue of $5.14 billion during the quarter. ING Groep had a return on equity of 9.77% and a net margin of 28.16%. On average, equities research analysts forecast that ING Groep will post 1.48 EPS for the current fiscal year.

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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