Rep. Lisa C. McClain Purchases Shares of ING Group, N.V. (NYSE:ING)

Key Points

• Representative Lisa C. McClain purchased shares of ING Group, N.V. (NYSE:ING) valued between $1,001 and $15,000 on June 24th, as per a filing disclosed on August 13th.
• ING Group's stock recently traded at $24.87, reflecting a decline of 0.4%, with a market capitalization of $78.28 billion.
• The company announced a $0.4002 dividend to be paid on August 25th, with a current dividend yield of 450.0%, despite a recent dividend cut.

Representative Lisa C. McClain (R-Michigan) recently bought shares of ING Group, N.V. NYSE: ING. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in ING Group stock on June 24th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

ING Group Trading Down 0.4%

Shares of ING Group stock traded down $0.09 on Friday, hitting $24.87. The stock had a trading volume of 2,334,625 shares, compared to its average volume of 2,812,603. The stock has a 50 day moving average of $22.58 and a 200 day moving average of $20.35. ING Group, N.V. has a twelve month low of $15.09 and a twelve month high of $25.11. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $78.28 billion, a P/E ratio of 11.46, a PEG ratio of 1.79 and a beta of 1.14.

ING Group (NYSE:ING - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.05. ING Group had a return on equity of 11.62% and a net margin of 27.28%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.40 billion. Sell-side analysts expect that ING Group, N.V. will post 2.14 earnings per share for the current fiscal year.

ING Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, August 25th. Stockholders of record on Monday, August 11th will be paid a $0.4002 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a dividend yield of 450.0%. ING Group's dividend payout ratio is currently 31.80%.

Institutional Trading of ING Group

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in ING Group by 7.3% in the second quarter. Bank of America Corp DE now owns 8,764,562 shares of the financial services provider's stock valued at $191,681,000 after buying an additional 593,424 shares during the period. Goldman Sachs Group Inc. lifted its stake in ING Group by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,894,501 shares of the financial services provider's stock valued at $154,653,000 after buying an additional 185,506 shares during the period. Northern Trust Corp lifted its stake in ING Group by 4.4% in the first quarter. Northern Trust Corp now owns 4,342,916 shares of the financial services provider's stock valued at $85,078,000 after buying an additional 181,800 shares during the period. Natixis Advisors LLC lifted its stake in ING Group by 25.7% in the first quarter. Natixis Advisors LLC now owns 4,250,850 shares of the financial services provider's stock valued at $83,274,000 after buying an additional 869,281 shares during the period. Finally, Royal Bank of Canada raised its position in shares of ING Group by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,946,653 shares of the financial services provider's stock worth $61,844,000 after purchasing an additional 31,963 shares during the period. 4.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ING has been the topic of several analyst reports. Barclays upgraded ING Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, July 15th. Cfra Research upgraded ING Group from a "moderate sell" rating to a "hold" rating in a report on Tuesday, May 6th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ING Group presently has an average rating of "Moderate Buy".

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

ING Group Company Profile

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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