Stonebridge Financial Group LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)

Stonebridge Financial Group LLC purchased a new stake in shares of International Business Machines Co. (NYSE:IBM) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 3,210 shares of the technology company’s stock, valued at approximately $706,000.

Several other institutional investors have also recently made changes to their positions in IBM. International Assets Investment Management LLC increased its stake in International Business Machines by 20,324.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock worth $600,373,000 after acquiring an additional 2,702,340 shares during the last quarter. Holocene Advisors LP bought a new position in shares of International Business Machines in the third quarter worth approximately $573,306,000. State Street Corp raised its stake in International Business Machines by 2.2% in the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock valued at $12,307,940,000 after purchasing an additional 1,200,803 shares in the last quarter. KBC Group NV lifted its position in International Business Machines by 90.4% during the fourth quarter. KBC Group NV now owns 1,687,253 shares of the technology company’s stock valued at $370,909,000 after purchasing an additional 800,930 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in International Business Machines by 23,311.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company’s stock worth $153,262,000 after buying an additional 694,204 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $254.85 on Wednesday. The firm has a market cap of $235.65 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. The company’s fifty day simple moving average is $230.19 and its two-hundred day simple moving average is $217.78. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $265.72.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities analysts expect that International Business Machines Co. will post 10.75 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Monday, February 10th. International Business Machines’s payout ratio is 104.21%.

Analysts Set New Price Targets

IBM has been the topic of several research reports. StockNews.com upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Wedbush began coverage on International Business Machines in a research report on Monday, February 3rd. They set an “outperform” rating on the stock. Oppenheimer assumed coverage on International Business Machines in a report on Tuesday. They issued an “outperform” rating and a $320.00 price objective for the company. Jefferies Financial Group raised their price objective on International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, International Business Machines presently has a consensus rating of “Hold” and a consensus price target of $231.44.

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.