International Business Machines Corporation $IBM Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in International Business Machines Corporation (NYSE:IBM) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,563,164 shares of the technology company’s stock after purchasing an additional 46,924 shares during the period. Ameriprise Financial Inc. owned approximately 0.60% of International Business Machines worth $1,639,966,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after purchasing an additional 1,630 shares during the period. Vise Technologies Inc. purchased a new stake in International Business Machines during the 2nd quarter worth approximately $16,565,000. Edgar Lomax Co. VA lifted its holdings in International Business Machines by 5.7% during the 1st quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock worth $58,676,000 after buying an additional 12,690 shares in the last quarter. Vanguard Group Inc. boosted its position in International Business Machines by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 95,051,475 shares of the technology company’s stock valued at $28,019,274,000 after buying an additional 1,913,708 shares during the period. Finally, Thames Capital Management LLC acquired a new position in shares of International Business Machines in the second quarter worth $2,710,000. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

IBM stock opened at $309.33 on Friday. The business has a 50 day moving average price of $299.47 and a 200 day moving average price of $278.09. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a market cap of $289.14 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.09 and a beta of 0.69. International Business Machines Corporation has a fifty-two week low of $214.50 and a fifty-two week high of $324.90.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The company had revenue of $16.33 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $2.30 earnings per share. Equities research analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Monday, November 10th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is currently 80.38%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IBM. Oppenheimer assumed coverage on International Business Machines in a research note on Friday, November 21st. They issued an “outperform” rating and a $360.00 price objective on the stock. Wall Street Zen upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. UBS Group reiterated a “sell” rating on shares of International Business Machines in a research note on Tuesday. Stifel Nicolaus upped their target price on shares of International Business Machines from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley reduced their target price on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating on the stock in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines currently has an average rating of “Moderate Buy” and an average target price of $293.38.

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.