International Business Machines Corp. (IBM) Stake Raised by Johnson Financial Group Inc.

Johnson Financial Group Inc. raised its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,335 shares of the technology company’s stock after acquiring an additional 762 shares during the quarter. Johnson Financial Group Inc.’s holdings in International Business Machines were worth $3,096,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of International Business Machines by 3.7% during the second quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the period. BlackRock Inc. boosted its position in shares of International Business Machines by 2.4% during the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after buying an additional 1,241,441 shares during the period. Legal & General Group Plc boosted its position in shares of International Business Machines by 2.5% during the third quarter. Legal & General Group Plc now owns 4,929,973 shares of the technology company’s stock valued at $715,252,000 after buying an additional 119,747 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of International Business Machines by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after purchasing an additional 134,862 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in shares of International Business Machines by 14.1% in the third quarter. Nordea Investment Management AB now owns 3,708,439 shares of the technology company’s stock valued at $538,020,000 after purchasing an additional 458,392 shares during the period. 57.08% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on IBM. Pivotal Research set a $180.00 price target on International Business Machines and gave the company a “buy” rating in a report on Thursday, January 18th. Bank of America restated a “buy” rating and set a $200.00 target price on shares of International Business Machines in a report on Friday, January 19th. Goldman Sachs Group set a $170.00 target price on International Business Machines and gave the stock a “neutral” rating in a report on Friday, January 19th. JPMorgan Chase & Co. set a $167.00 price target on International Business Machines and gave the stock a “neutral” rating in a research report on Friday, January 19th. Finally, Morgan Stanley upped their target price on International Business Machines to $198.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. International Business Machines has a consensus rating of “Hold” and an average target price of $164.37.

In other International Business Machines news, Director Frederick H. Waddell purchased 610 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $163.38 per share, with a total value of $99,661.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.

Shares of International Business Machines Corp. (IBM) opened at $154.76 on Thursday. International Business Machines Corp. has a 1-year low of $139.13 and a 1-year high of $182.79. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.33 and a quick ratio of 1.29. The firm has a market cap of $143,280.00, a P/E ratio of 25.33, a P/E/G ratio of 2.21 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported $5.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a net margin of 7.27% and a return on equity of 69.48%. The company had revenue of $22.54 billion during the quarter, compared to analysts’ expectations of $22.03 billion. During the same quarter last year, the company posted $5.01 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. equities analysts expect that International Business Machines Corp. will post 13.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 9th will be given a $1.50 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.00 annualized dividend and a yield of 3.88%. International Business Machines’s dividend payout ratio is presently 98.20%.

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International Business Machines Company Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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