Baader Bank Aktiengesellschaft Trims Position in International Business Machines Co. (NYSE:IBM)

Baader Bank Aktiengesellschaft decreased its holdings in International Business Machines Co. (NYSE:IBM) by 1.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 22,000 shares of the technology company’s stock after selling 342 shares during the period. Baader Bank Aktiengesellschaft’s holdings in International Business Machines were worth $4,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC grew its position in shares of International Business Machines by 0.8% during the 2nd quarter. Advisory Alpha LLC now owns 7,748 shares of the technology company’s stock valued at $1,340,000 after buying an additional 65 shares during the last quarter. Farmers National Bank grew its position in International Business Machines by 11.0% in the 2nd quarter. Farmers National Bank now owns 22,715 shares of the technology company’s stock valued at $3,929,000 after buying an additional 2,247 shares in the last quarter. Creekside Partners acquired a new stake in International Business Machines in the second quarter worth approximately $584,000. Sanctuary Advisors LLC bought a new position in International Business Machines during the second quarter valued at about $40,068,000. Finally, Lazari Capital Management Inc. raised its holdings in shares of International Business Machines by 9.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 1,973 shares of the technology company’s stock worth $341,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the completion of the transaction, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. This represents a 12.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

IBM has been the topic of a number of recent analyst reports. Bernstein Bank upped their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group boosted their price target on International Business Machines from $200.00 to $245.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Bank of America increased their target price on shares of International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets lifted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a research report on Thursday, October 24th. Finally, DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $220.40.

International Business Machines Price Performance

IBM stock opened at $229.13 on Thursday. The company has a market capitalization of $211.86 billion, a P/E ratio of 33.35, a PEG ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $239.35. The company has a fifty day moving average price of $224.95 and a 200-day moving average price of $213.44. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. As a group, equities analysts expect that International Business Machines Co. will post 10.16 EPS for the current year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.92%. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

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.