Fifth Third Bancorp Acquires 4,699 Shares of International Business Machines Co. (NYSE:IBM)

Fifth Third Bancorp grew its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,613 shares of the technology company's stock after purchasing an additional 4,699 shares during the quarter. Fifth Third Bancorp's holdings in International Business Machines were worth $41,679,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JBR Co Financial Management Inc lifted its stake in shares of International Business Machines by 0.6% in the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares during the period. Wealth Dimensions Group Ltd. grew its holdings in shares of International Business Machines by 1.0% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,972 shares of the technology company's stock valued at $873,000 after purchasing an additional 40 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in International Business Machines by 0.9% during the first quarter. Pallas Capital Advisors LLC now owns 4,805 shares of the technology company's stock worth $1,195,000 after buying an additional 42 shares during the period. Schechter Investment Advisors LLC lifted its position in shares of International Business Machines by 0.7% during the fourth quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after purchasing an additional 43 shares during the last quarter. Finally, Titleist Asset Management LLC raised its holdings in shares of International Business Machines by 3.1% in the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock valued at $315,000 after acquiring an additional 43 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IBM. Wedbush restated an "outperform" rating and set a $300.00 price target on shares of International Business Machines in a research note on Wednesday, May 7th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Citigroup reissued an "outperform" rating on shares of International Business Machines in a research note on Saturday, May 10th. KGI Securities set a $242.00 target price on International Business Machines and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley cut their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $250.31.

International Business Machines Trading Down 1.5%

Shares of International Business Machines stock traded down $4.20 during trading on Friday, hitting $276.84. The company's stock had a trading volume of 3,242,911 shares, compared to its average volume of 4,237,292. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The stock has a market cap of $257.29 billion, a price-to-earnings ratio of 43.19, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66. The stock has a 50-day moving average price of $252.60 and a two-hundred day moving average price of $243.90. International Business Machines Co. has a 52 week low of $167.50 and a 52 week high of $283.06.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. The company had revenue of $14.54 billion for the quarter, compared to analyst estimates of $14.41 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The firm's revenue was up .5% compared to the same quarter last year. Equities research analysts anticipate that International Business Machines Co. will post 10.78 EPS for the current fiscal year.

International Business Machines Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.43%. This is a boost from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio (DPR) is 115.66%.

International Business Machines Company 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.