SVB Wealth LLC Reduces Stock Holdings in International Business Machines Co. (NYSE:IBM)

SVB Wealth LLC reduced its holdings in shares of International Business Machines Co. (NYSE:IBM) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,402 shares of the technology company’s stock after selling 7,213 shares during the period. SVB Wealth LLC’s holdings in International Business Machines were worth $21,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBM. Arden Trust Co increased its position in shares of International Business Machines by 2.8% during the first quarter. Arden Trust Co now owns 1,973 shares of the technology company’s stock worth $377,000 after acquiring an additional 54 shares during the period. Armbruster Capital Management Inc. raised its position in International Business Machines by 2.3% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,500 shares of the technology company’s stock valued at $432,000 after purchasing an additional 56 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of International Business Machines by 3.3% in the 2nd quarter. CVA Family Office LLC now owns 1,796 shares of the technology company’s stock valued at $311,000 after buying an additional 57 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of International Business Machines by 0.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,528 shares of the technology company’s stock worth $1,309,000 after buying an additional 58 shares in the last quarter. Finally, Peddock Capital Advisors LLC raised its holdings in International Business Machines by 0.6% in the second quarter. Peddock Capital Advisors LLC now owns 10,040 shares of the technology company’s stock valued at $1,736,000 after acquiring an additional 58 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of International Business Machines from $190.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th. Stifel Nicolaus raised their target price on International Business Machines from $190.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, UBS Group upped their price target on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $185.93.

International Business Machines Stock Performance

NYSE IBM traded down $1.85 during trading on Friday, reaching $200.74. The company’s stock had a trading volume of 3,304,491 shares, compared to its average volume of 4,223,954. The business’s fifty day moving average price is $189.52 and its 200-day moving average price is $182.51. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $205.95. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.08 and a current ratio of 1.12. The firm has a market cap of $184.40 billion, a price-to-earnings ratio of 22.73, a P/E/G ratio of 4.50 and a beta of 0.71.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the firm posted $2.18 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that International Business Machines Co. will post 10.09 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 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.