AlTi Global Inc. Has $840,000 Holdings in International Business Machines Corporation $IBM

Key Points

• AlTi Global Inc. increased its stake in International Business Machines Corporation (IBM) by 72.3%, bringing its holdings to 2,853 shares valued at approximately $840,000.
• IBM's stock has seen a recent uptick, with shares up 8.0%, and a current market capitalization of $286.05 billion.
• The company announced a quarterly dividend of $1.68 per share, with a dividend yield of 2.2%, scheduled to be paid on December 10th.

AlTi Global Inc. boosted its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 72.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,853 shares of the technology company's stock after buying an additional 1,197 shares during the period. AlTi Global Inc.'s holdings in International Business Machines were worth $840,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Family CFO Inc acquired a new position in shares of International Business Machines in the 2nd quarter valued at about $25,000. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines in the 1st quarter valued at about $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines in the 1st quarter valued at about $28,000. Highline Wealth Partners LLC increased its holdings in shares of International Business Machines by 85.0% in the 2nd quarter. Highline Wealth Partners LLC now owns 111 shares of the technology company's stock valued at $33,000 after purchasing an additional 51 shares during the period. Finally, Dagco Inc. acquired a new position in shares of International Business Machines in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "hold (c+)" rating on shares of International Business Machines in a report on Wednesday, October 8th. Morgan Stanley lowered their price target on International Business Machines from $256.00 to $252.00 and set an "equal weight" rating for the company in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada lowered their price target on International Business Machines from $315.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $288.00.

International Business Machines Stock Up 8.0%

Shares of International Business Machines stock opened at $307.78 on Friday. The stock has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a PEG ratio of 4.35 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.93 and a debt-to-equity ratio of 1.97. The stock has a 50 day moving average price of $266.21 and a two-hundred day moving average price of $263.57. International Business Machines Corporation has a 12-month low of $203.51 and a 12-month high of $310.75.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analysts' expectations of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The company's revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.30 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. Equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be given a dividend of $1.68 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.2%. International Business Machines's dividend payout ratio is presently 109.09%.

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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