Associated Banc Corp Boosts Stake in International Business Machines Corporation $IBM

Associated Banc Corp grew its stake in International Business Machines Corporation (NYSE:IBM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,251 shares of the technology company’s stock after acquiring an additional 244 shares during the quarter. Associated Banc Corp’s holdings in International Business Machines were worth $4,790,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Family CFO Inc bought a new stake in shares of International Business Machines in the 2nd quarter valued at about $25,000. Winnow Wealth LLC bought a new position in shares of International Business Machines during the 2nd quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the first quarter valued at approximately $28,000. Highline Wealth Partners LLC lifted its position in International Business Machines by 85.0% during the second quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company’s stock valued at $33,000 after acquiring an additional 51 shares during the last quarter. Finally, Dagco Inc. acquired a new stake in International Business Machines in the first quarter valued at approximately $31,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein began coverage on International Business Machines in a research report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target on the stock. Oppenheimer started coverage on International Business Machines in a research note on Friday. They set an “outperform” rating and a $360.00 target price on the stock. UBS Group increased their price target on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Jefferies Financial Group boosted their price target on International Business Machines from $280.00 to $305.00 and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Finally, Royal Bank Of Canada cut their price objective on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $291.08.

International Business Machines Stock Up 0.1%

NYSE:IBM opened at $304.43 on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The company’s fifty day moving average price is $291.46 and its 200-day moving average price is $274.13. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The firm has a market capitalization of $284.56 billion, a P/E ratio of 36.42, a PEG ratio of 4.33 and a beta of 0.71.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion during the quarter, compared to the consensus estimate of $16.10 billion. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. The ex-dividend date is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. International Business Machines’s dividend payout ratio is presently 80.38%.

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.