International Business Machines Corporation $IBM Stock Position Lifted by 1832 Asset Management L.P.

Key Points

• 1832 Asset Management L.P. significantly increased its stake in International Business Machines Corporation (IBM) by 4,260.3%, acquiring an additional 544,467 shares during the first quarter, bringing its total ownership to approximately 0.06% valued at $138.57 million.
• Multiple hedge funds have also boosted their positions in IBM, with Vanguard Group Inc. now holding a significant 93 million shares valued at over $23 billion.
• Wall Street analysts have raised their price targets for IBM, with estimates varying from $242 to $325, reflecting a generally positive outlook on the company's growth potential.

1832 Asset Management L.P. grew its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 4,260.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 557,247 shares of the technology company's stock after acquiring an additional 544,467 shares during the quarter. 1832 Asset Management L.P. owned about 0.06% of International Business Machines worth $138,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compound Planning Inc. increased its stake in International Business Machines by 10.7% during the first quarter. Compound Planning Inc. now owns 27,930 shares of the technology company's stock worth $6,945,000 after acquiring an additional 2,695 shares during the last quarter. Ameriprise Financial Inc. increased its stake in International Business Machines by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after acquiring an additional 52,317 shares during the last quarter. Norinchukin Bank The increased its stake in International Business Machines by 12.6% during the first quarter. Norinchukin Bank The now owns 57,298 shares of the technology company's stock worth $14,248,000 after acquiring an additional 6,402 shares during the last quarter. CW Advisors LLC increased its stake in International Business Machines by 93.2% during the first quarter. CW Advisors LLC now owns 41,974 shares of the technology company's stock worth $9,545,000 after acquiring an additional 20,244 shares during the last quarter. Finally, Summit Financial LLC increased its stake in International Business Machines by 131.8% during the first quarter. Summit Financial LLC now owns 54,221 shares of the technology company's stock worth $13,483,000 after acquiring an additional 30,827 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Stock Up 0.8%

NYSE IBM traded up $1.90 during mid-day trading on Tuesday, reaching $241.33. 1,875,981 shares of the company's stock traded hands, compared to its average volume of 4,702,142. International Business Machines Corporation has a 1-year low of $196.97 and a 1-year high of $296.16. The company has a fifty day simple moving average of $268.77 and a 200-day simple moving average of $257.92. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 2.00. The company has a market cap of $224.29 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 3.73 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The firm had revenue of $16.98 billion during the quarter, compared to analyst estimates of $16.58 billion. During the same quarter last year, the firm earned $2.43 EPS. International Business Machines's quarterly revenue was up 7.7% on a year-over-year basis. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th will be paid a dividend of $1.68 per share. This represents a $6.72 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, August 8th. International Business Machines's dividend payout ratio (DPR) is 109.09%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of recent research reports. Wedbush increased their target price on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research note on Monday, July 7th. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. The Goldman Sachs Group increased their target price on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada increased their target price on International Business Machines from $285.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $268.75.

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.