Banco Santander S.A. Boosts Stock Position in International Business Machines Co. (NYSE:IBM)

Banco Santander S.A. grew its position in shares of International Business Machines Co. (NYSE:IBM) by 0.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,847 shares of the technology company’s stock after purchasing an additional 407 shares during the period. Banco Santander S.A.’s holdings in International Business Machines were worth $38,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IBM. Massachusetts Financial Services Co. MA grew its stake in International Business Machines by 23.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 95,529 shares of the technology company’s stock worth $21,120,000 after acquiring an additional 18,340 shares during the period. Integrated Investment Consultants LLC grew its position in shares of International Business Machines by 520.0% in the third quarter. Integrated Investment Consultants LLC now owns 20,672 shares of the technology company’s stock valued at $4,570,000 after purchasing an additional 17,338 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in International Business Machines by 0.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 80,428 shares of the technology company’s stock valued at $17,781,000 after purchasing an additional 412 shares during the last quarter. Tradewinds LLC. lifted its position in International Business Machines by 3.1% during the third quarter. Tradewinds LLC. now owns 6,163 shares of the technology company’s stock worth $1,362,000 after buying an additional 183 shares during the period. Finally, Cypress Capital Group boosted its stake in International Business Machines by 21.4% in the 3rd quarter. Cypress Capital Group now owns 19,375 shares of the technology company’s stock worth $4,283,000 after buying an additional 3,419 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

International Business Machines Stock Performance

IBM opened at $215.55 on Thursday. The business has a 50 day moving average price of $219.07 and a two-hundred day moving average price of $194.64. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The company has a market capitalization of $199.31 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 4.72 and a beta of 0.71. International Business Machines Co. has a 1-year low of $153.92 and a 1-year high of $237.37.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same quarter last year, the firm posted $2.20 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts predict that International Business Machines Co. will post 10.12 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is presently 97.23%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBM. BMO Capital Markets raised their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a research report on Thursday, October 24th. UBS Group boosted their price objective 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. Jefferies Financial Group increased their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Bernstein Bank raised their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus boosted their price target on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Business Machines has a consensus rating of “Hold” and an average target price of $208.12.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the sale, the senior vice president now directly owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by company insiders.

About International Business Machines

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.