Bingham Private Wealth LLC Makes New Investment in International Business Machines Corporation $IBM

Key Points

• Bingham Private Wealth LLC bought a new position in International Business Machines (IBM) of 6,082 shares (~$1.80M) in Q4, representing 1.5% of its portfolio and helping push institutional ownership to about 58.96%.
• Analyst sentiment is mixed-but-tilted-positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $307.63, while individual targets range from JPMorgan's $283 (neutral) to Bank of America's $335 and Oppenheimer's $380 (bullish).
• IBM recently beat quarter expectations (EPS $4.52 vs $4.33; revenue $19.69B), pays a $1.68 quarterly dividend (≈2.8% yield), but faces headline risk from a reported $17M DOJ settlement over DEI practices and has recent insider purchases disclosed.

Bingham Private Wealth LLC purchased a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,082 shares of the technology company's stock, valued at approximately $1,802,000. International Business Machines accounts for 1.5% of Bingham Private Wealth LLC's portfolio, making the stock its 13th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBM. Family CFO Inc acquired a new position in shares of International Business Machines in the fourth quarter worth about $25,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of International Business Machines in the third quarter worth about $28,000. SWAN Capital LLC acquired a new position in shares of International Business Machines in the third quarter worth about $28,000. Trifecta Capital Advisors LLC lifted its stake in shares of International Business Machines by 129.1% in the third quarter. Trifecta Capital Advisors LLC now owns 126 shares of the technology company's stock worth $36,000 after acquiring an additional 71 shares in the last quarter. Finally, American Wealth Advisors LLC acquired a new position in shares of International Business Machines in the third quarter worth about $40,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on IBM shares. Bank of America boosted their price target on International Business Machines from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. cut their price target on International Business Machines from $317.00 to $283.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 18th. Morgan Stanley set a $215.00 price target on International Business Machines in a research note on Tuesday. Stifel Nicolaus cut their price target on International Business Machines from $340.00 to $290.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. Finally, Oppenheimer set a $380.00 price target on International Business Machines and gave the stock an "outperform" rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $307.63.

Key Stories Impacting International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Citi initiated coverage with a Buy and a $285 price target, providing a clear catalyst for upside and framing a near-term re-rating case. Why Citi Analysts Are Betting IBM Stock Can Gain Nearly 20% From Here
• Positive Sentiment: Bank of America sees IBM’s recently closed Confluent acquisition contributing roughly $50M to Q1 revenue and expects an in-line quarter with management able to offset near-term dilution—this reduces execution risk around upcoming results. IBM set for in-line Q1 as Confluent deal boosts outlook
• Positive Sentiment: Industry research and product moves highlight IBM as a key player in AI infrastructure and evaluation tooling, supporting longer-term growth opportunities in generative/responsible AI and storage innovations. AI Model Evaluation Platform Market Report
• Neutral Sentiment: Market commentary notes IBM “gained but lagged the market” today and remains a trending stock for retail attention—useful for gauging short-term momentum but not a directional driver by itself. Here's Why IBM Gained But Lagged the Market Today
• Neutral Sentiment: Some analysts retain neutral/hold stances (Morgan Stanley maintained a Hold), implying limited near-term re-rating potential despite beat/raise prospects. IBM: Near-Term Beat Potential but Limited Re-Rating Upside
• Negative Sentiment: IBM agreed to pay $17M to settle a DOJ probe into its DEI practices — a reputational/legal overhang that adds headline risk even if the cash amount is small relative to IBM’s market cap. IBM pays $17M fine to end DOJ suit over DEI programs
• Negative Sentiment: Prospera Financial’s 13F showed a roughly 50% cut to its IBM position (~$11.7M change), a small sign of institutional trimming that can pressure sentiment if others follow. Fund Update: Prospera Financial Services Inc Just Disclosed New Holdings
• Negative Sentiment: Some headlines highlighted sharp intraday swings and negative takes (e.g., coverage framing a big drop), underscoring volatility risk around analyst notes and media narratives. International Business Machines (IBM) Stock Tumbles 22% as Citi Analyst Sets $285 Price Target

Insider Activity at International Business Machines

In other news, Director Michael Miebach acquired 434 shares of the business's stock in a transaction on Wednesday, February 25th. The shares were purchased at an average price of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares of the company's stock, valued at $101,265.22. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David N. Farr acquired 1,000 shares of the business's stock in a transaction on Friday, January 30th. The shares were purchased at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the purchase, the director directly owned 9,258 shares of the company's stock, valued at $2,814,432. This represents a 12.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 1,484 shares of company stock worth $417,157 in the last 90 days. 0.27% of the stock is currently owned by insiders.

International Business Machines Trading Up 1.0%

Shares of NYSE IBM opened at $240.28 on Wednesday. The stock's 50 day moving average price is $251.61 and its two-hundred day moving average price is $282.58. International Business Machines Corporation has a 52-week low of $220.72 and a 52-week high of $324.90. The stock has a market capitalization of $225.39 billion, a P/E ratio of 21.55, a PEG ratio of 2.38 and a beta of 0.69. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 1.67.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The technology company reported $4.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The firm had revenue of $19.69 billion for the quarter, compared to analysts' expectations of $19.23 billion. During the same quarter in the prior year, the firm posted $3.92 earnings per share. International Business Machines's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 10th were paid a dividend of $1.68 per share. The ex-dividend date was Tuesday, February 10th. This represents a $6.72 annualized dividend and a yield of 2.8%. International Business Machines's dividend payout ratio is presently 60.27%.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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