Bremer Bank National Association Has $367,000 Stock Holdings in International Business Machines Co. (NYSE:IBM)

Bremer Bank National Association lifted its stake in International Business Machines Co. (NYSE:IBM) by 21.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,124 shares of the technology company’s stock after purchasing an additional 382 shares during the quarter. Bremer Bank National Association’s holdings in International Business Machines were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IBM. Vontobel Holding Ltd. boosted its position in shares of International Business Machines by 20.3% in the fourth quarter. Vontobel Holding Ltd. now owns 477,193 shares of the technology company’s stock worth $78,045,000 after buying an additional 80,474 shares during the period. Auxano Advisors LLC grew its stake in International Business Machines by 4.8% during the 4th quarter. Auxano Advisors LLC now owns 3,398 shares of the technology company’s stock valued at $556,000 after acquiring an additional 156 shares in the last quarter. West Family Investments Inc. increased its holdings in shares of International Business Machines by 7.6% in the 4th quarter. West Family Investments Inc. now owns 2,736 shares of the technology company’s stock valued at $447,000 after purchasing an additional 194 shares during the period. Mosley Wealth Management purchased a new stake in shares of International Business Machines in the fourth quarter worth approximately $312,000. Finally, Hodges Capital Management Inc. boosted its holdings in shares of International Business Machines by 60.8% during the first quarter. Hodges Capital Management Inc. now owns 20,535 shares of the technology company’s stock worth $3,921,000 after purchasing an additional 7,768 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on IBM shares. UBS Group increased their target price on shares of International Business Machines from $125.00 to $130.00 and gave the stock a “sell” rating in a research report on Monday, April 22nd. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Morgan Stanley dropped their target price on International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. BMO Capital Markets lifted their price target on International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. dropped their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $184.93.

International Business Machines Stock Performance

International Business Machines stock traded up $1.33 on Wednesday, reaching $192.32. 1,893,598 shares of the stock were exchanged, compared to its average volume of 4,368,021. The stock has a market cap of $176.67 billion, a PE ratio of 21.68, a PEG ratio of 4.24 and a beta of 0.71. The firm has a fifty day moving average price of $179.64 and a two-hundred day moving average price of $180.86. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $199.18. The company has a current ratio of 1.12, a quick ratio of 1.08 and a debt-to-equity ratio of 2.20.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. The business had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 EPS. Sell-side analysts anticipate that International Business Machines Co. will post 10.06 EPS for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 9th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.65%.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.