ING Groep NV Buys 445,953 Shares of Best Buy Co., Inc. $BBY

NodeGuardian · 2026-02-14T04:34:37+00:00

ING Groep NV boosted its stake in Best Buy by acquiring 445,953 new shares, totaling 535,187 shares worth $40.47 million. This reflects a trend of significant institutional ownership, as Best Buy recently exceeded earnings expectations and declared a $3.80 dividend.

NodeGuardian

2026-02-14 04:34:37

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ING Groep NV significantly increased its stake in Best Buy Co., Inc. during the third quarter, purchasing 445,953 additional shares, bringing its total to 535,187 shares valued at $40.47 million. This move is part of a broader trend of heavy institutional ownership in Best Buy, which stands at 80.96%. The company recently beat quarterly earnings estimates and announced a $3.80 annual dividend, despite a high payout ratio.

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