CHICAGO TRUST Co NA Acquires 576 Shares of International Business Machines Co. (NYSE:IBM)

CHICAGO TRUST Co NA raised its holdings in International Business Machines Co. (NYSE:IBM) by 5.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,201 shares of the technology company’s stock after purchasing an additional 576 shares during the quarter. CHICAGO TRUST Co NA’s holdings in International Business Machines were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in IBM. Carnegie Investment Counsel increased its holdings in International Business Machines by 4.0% during the third quarter. Carnegie Investment Counsel now owns 36,446 shares of the technology company’s stock worth $8,057,000 after buying an additional 1,406 shares during the last quarter. Retirement Planning Group LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at approximately $618,000. Matrix Asset Advisors Inc. NY purchased a new stake in shares of International Business Machines during the 3rd quarter worth approximately $248,000. Ritholtz Wealth Management raised its holdings in shares of International Business Machines by 8.9% in the 3rd quarter. Ritholtz Wealth Management now owns 10,596 shares of the technology company’s stock worth $2,342,000 after purchasing an additional 862 shares during the period. Finally, Silverlake Wealth Management LLC grew its holdings in International Business Machines by 2.2% during the third quarter. Silverlake Wealth Management LLC now owns 24,624 shares of the technology company’s stock valued at $5,444,000 after purchasing an additional 523 shares during the period. 58.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Hsbc Global Res upgraded International Business Machines to a “moderate sell” rating in a research note on Friday, July 26th. DZ Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective on the stock. in a report on Wednesday, October 2nd. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. UBS Group upped their price target on shares of International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a research note on Wednesday, September 4th. Finally, Bank of America lifted their price objective on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $198.41.

International Business Machines Price Performance

IBM stock opened at $233.26 on Friday. The firm has a 50 day simple moving average of $207.67 and a two-hundred day simple moving average of $187.64. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 1.08. The stock has a market cap of $214.27 billion, a PE ratio of 26.42, a P/E/G ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a one year low of $135.87 and a one year high of $235.83.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $15.77 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the business posted $2.18 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio is currently 75.65%.

International Business Machines Company 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.