International Business Machines Corporation $IBM Shares Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in IBM by 7.0%, now holding 66,343 shares valued at approximately $16.5 million as of the latest SEC filing.
• Several brokerages have issued varied ratings on IBM, with Goldman Sachs upgrading its target price to $310 with a "buy" rating, while UBS set a target at $200 with a "sell" rating.
• IBM declared a quarterly dividend of $1.68 per share, yielding 2.8%, despite a dividend payout ratio of 109.09%, indicating a high portion of earnings is used for dividends.

B. Metzler seel. Sohn & Co. AG grew its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 7.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,343 shares of the technology company's stock after acquiring an additional 4,335 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in International Business Machines were worth $16,497,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the first quarter worth $27,000. SSA Swiss Advisors AG purchased a new position in International Business Machines in the first quarter worth $28,000. Dagco Inc. purchased a new position in International Business Machines in the first quarter worth $31,000. Measured Risk Portfolios Inc. purchased a new position in International Business Machines in the fourth quarter worth $43,000. Finally, Park Square Financial Group LLC purchased a new position in International Business Machines in the fourth quarter worth $43,000. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBM has been the subject of several research analyst reports. Bank of America cut their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, July 24th. The Goldman Sachs Group raised their price target on International Business Machines from $270.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Erste Group Bank cut International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. BMO Capital Markets raised their price target on International Business Machines from $260.00 to $300.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Finally, Citigroup restated an "outperform" rating on shares of International Business Machines in a research report on Saturday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $268.75.

International Business Machines Trading Down 0.9%

Shares of NYSE IBM traded down $2.14 during midday trading on Friday, hitting $243.59. The stock had a trading volume of 2,965,964 shares, compared to its average volume of 4,695,393. The company has a market capitalization of $226.39 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 3.77 and a beta of 0.69. International Business Machines Corporation has a 1-year low of $198.27 and a 1-year high of $296.16. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. The company has a fifty day moving average price of $266.46 and a 200 day moving average price of $257.71.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The business had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

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