International Business Machines Corporation $IBM Shares Purchased by Bleakley Financial Group LLC

Key Points

• Bleakley Financial Group LLC increased its shareholding in International Business Machines (IBM) by 10.2% in Q2, owning 35,623 shares worth $10.5 million by the end of the reporting period.
• IBM's latest earnings report showed an EPS of $2.65, surpassing estimates and revealing a year-over-year revenue increase of 9.1% to $16.33 billion.
• The company announced a quarterly dividend of $1.68 per share scheduled for payment on December 10th, reflecting an annualized yield of 2.3%.

Bleakley Financial Group LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 10.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,623 shares of the technology company's stock after acquiring an additional 3,304 shares during the period. Bleakley Financial Group LLC's holdings in International Business Machines were worth $10,501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lifestyle Asset Management Inc. raised its holdings in International Business Machines by 1.7% in the second quarter. Lifestyle Asset Management Inc. now owns 2,144 shares of the technology company's stock valued at $632,000 after buying an additional 36 shares during the period. Whelan Financial increased its position in shares of International Business Machines by 2.4% in the second quarter. Whelan Financial now owns 1,525 shares of the technology company's stock worth $450,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC raised its stake in shares of International Business Machines by 0.9% in the 2nd quarter. Ignite Planners LLC now owns 3,964 shares of the technology company's stock valued at $1,133,000 after acquiring an additional 36 shares during the period. Blue Edge Capital LLC lifted its holdings in shares of International Business Machines by 0.6% during the 1st quarter. Blue Edge Capital LLC now owns 6,776 shares of the technology company's stock valued at $1,685,000 after acquiring an additional 39 shares in the last quarter. Finally, Johnson Bixby & Associates LLC boosted its position in International Business Machines by 3.3% during the 2nd quarter. Johnson Bixby & Associates LLC now owns 1,208 shares of the technology company's stock worth $356,000 after purchasing an additional 39 shares during the period. 58.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on IBM. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen lowered International Business Machines from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Bank of America boosted their price target on International Business Machines from $310.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday. Stifel Nicolaus set a $295.00 price objective on shares of International Business Machines in a research report on Thursday. Finally, Sanford C. Bernstein began coverage on shares of International Business Machines in a research report on Monday, September 15th. They set a "market perform" rating and a $280.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $289.46.

International Business Machines Price Performance

IBM stock opened at $287.57 on Thursday. The stock's 50 day moving average is $263.92 and its two-hundred day moving average is $262.56. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $301.04. The company has a market capitalization of $267.27 billion, a PE ratio of 46.68, a P/E/G ratio of 4.34 and a beta of 0.73. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. The company 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 37.62% and a net margin of 9.11%.The business's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. Analysts predict that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, November 10th. International Business Machines's dividend payout ratio (DPR) is currently 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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