Deutsche Bank AG Boosts Stock Position in International Business Machines Co. (NYSE:IBM)

Deutsche Bank AG increased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,179,328 shares of the technology company's stock after buying an additional 548,260 shares during the quarter. Deutsche Bank AG owned about 0.45% of International Business Machines worth $918,742,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IBM. Capital World Investors boosted its holdings in International Business Machines by 413.5% in the 4th quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock valued at $2,634,577,000 after purchasing an additional 9,650,534 shares during the last quarter. Norges Bank purchased a new position in International Business Machines in the fourth quarter worth approximately $1,236,176,000. Raymond James Financial Inc. acquired a new stake in International Business Machines during the fourth quarter worth $592,746,000. Northern Trust Corp increased its position in shares of International Business Machines by 18.6% during the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after purchasing an additional 1,704,209 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of International Business Machines by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 91,839,252 shares of the technology company's stock worth $20,189,023,000 after buying an additional 1,539,888 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IBM. BMO Capital Markets reaffirmed a "market perform" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Oppenheimer assumed coverage on International Business Machines in a research report on Tuesday, February 11th. They issued an "outperform" rating and a $320.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Jefferies Financial Group reaffirmed a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Finally, Bank of America increased their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $248.50.

International Business Machines Stock Up 1.8 %

International Business Machines stock opened at $253.48 on Thursday. The firm has a market capitalization of $235.58 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 5.81 and a beta of 0.64. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. International Business Machines Co. has a fifty-two week low of $163.53 and a fifty-two week high of $266.45. The stock's fifty day moving average is $243.00 and its two-hundred day moving average is $234.51.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.18. The business had revenue of $14.54 billion for the quarter, compared to the consensus estimate of $14.41 billion. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. The business's revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 earnings per share. Analysts predict that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 9th will be given a $1.68 dividend. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 annualized dividend and a dividend yield of 2.65%. International Business Machines's dividend payout ratio (DPR) is currently 115.66%.

Insider Activity at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction of $6,715,644.43. Following the transaction, the senior vice president now owns 45,007 shares in the company, valued at approximately $11,387,221.07. The trade was a 37.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

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.

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