ING Groep NV Makes New $1.54 Million Investment in Macy’s, Inc. $M

Posted by Brian Himes on Jun 10th, 2026

Macy's logo ING Groep NV bought a new position in Macy’s, Inc. (NYSE:M – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 69,900 shares of the company’s stock, valued at approximately $1,541,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in Macy’s by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 26,806 shares of the company’s stock worth $481,000 after buying an additional 500 shares in the last quarter. Cambria Investment Management L.P. boosted its stake in Macy’s by 4.5% in the third quarter. Cambria Investment Management L.P. now owns 12,066 shares of the company’s stock worth $216,000 after buying an additional 524 shares in the last quarter. Bessemer Group Inc. boosted its stake in Macy’s by 41.4% in the third quarter. Bessemer Group Inc. now owns 2,023 shares of the company’s stock worth $37,000 after buying an additional 592 shares in the last quarter. Parallel Advisors LLC boosted its stake in Macy’s by 8.2% in the fourth quarter. Parallel Advisors LLC now owns 9,213 shares of the company’s stock worth $203,000 after buying an additional 699 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in Macy’s by 4.2% in the third quarter. Private Advisor Group LLC now owns 18,444 shares of the company’s stock worth $331,000 after buying an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Macy’s Stock Performance

Shares of M stock opened at $22.16 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s, Inc. has a fifty-two week low of $10.54 and a fifty-two week high of $24.41. The stock has a 50 day moving average price of $19.78 and a two-hundred day moving average price of $20.61. The company has a market capitalization of $5.83 billion, a P/E ratio of 9.16 and a beta of 1.48.

Macy’s (NYSE:M – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.61 billion. Macy’s had a return on equity of 13.68% and a net margin of 2.94%.The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. Macy’s has set its Q2 2026 guidance at 0.290-0.340 EPS and its FY 2026 guidance at 2.000-2.200 EPS. Analysts expect that Macy’s, Inc. will post 2.15 earnings per share for the current year.

Macy’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.1915 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, June 15th. Macy’s’s dividend payout ratio is currently 31.82%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on M shares. Evercore set a $22.00 price objective on Macy’s in a research report on Thursday, June 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price objective on shares of Macy’s in a research report on Wednesday, March 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Macy’s in a research report on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, June 4th. Finally, Wall Street Zen upgraded Macy’s from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Macy’s has a consensus rating of “Reduce” and an average price target of $20.30.

Read Our Latest Research Report on Macy’s

Insiders Place Their Bets

In related news, EVP Danielle L. Kirgan sold 10,010 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $17.92, for a total transaction of $179,379.20. Following the completion of the transaction, the executive vice president owned 108,008 shares in the company, valued at $1,935,503.36. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Tracy M. Preston sold 5,271 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $17.92, for a total value of $94,456.32. Following the transaction, the executive vice president owned 28,773 shares of the company’s stock, valued at approximately $515,612.16. This represents a 15.48% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 94,967 shares of company stock worth $1,705,276 in the last ninety days. Insiders own 1.05% of the company’s stock.

Macy’s Profile

(Free Report)

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.