J.Safra Asset Management Corp Buys 1,237 Shares of International Business Machines Corporation (NYSE:IBM)

J.Safra Asset Management Corp increased its stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 76.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,845 shares of the technology company's stock after acquiring an additional 1,237 shares during the quarter. J.Safra Asset Management Corp's holdings in International Business Machines were worth $707,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $31,000. Rialto Wealth Management LLC bought a new position in shares of International Business Machines in the 4th quarter worth $35,000. Tacita Capital Inc grew its position in International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock valued at $42,000 after purchasing an additional 122 shares during the period. Park Square Financial Group LLC bought a new stake in International Business Machines during the 4th quarter valued at $43,000. Finally, Park Place Capital Corp raised its holdings in International Business Machines by 42.6% during the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock worth $48,000 after buying an additional 58 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

International Business Machines Price Performance

Shares of NYSE:IBM opened at $289.69 on Monday. International Business Machines Corporation has a fifty-two week low of $173.38 and a fifty-two week high of $296.16. The company's 50-day moving average is $262.93 and its 200 day moving average is $247.77. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.97 and a current ratio of 1.01. The company has a market capitalization of $269.24 billion, a P/E ratio of 49.86, a price-to-earnings-growth ratio of 6.08 and a beta of 0.66.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $1.60 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.18. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. The firm had revenue of $14.54 billion for the quarter, compared to analysts' expectations of $14.41 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 9th were issued a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.32%. This is a positive change from International Business Machines's previous quarterly dividend of $1.67. International Business Machines's dividend payout ratio is 115.66%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on IBM shares. Jefferies Financial Group reissued a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Wall Street Zen downgraded International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. KGI Securities set a $242.00 price objective on International Business Machines and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, UBS Group reiterated a "sell" rating and issued a $170.00 target price (up previously from $160.00) on shares of International Business Machines in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus target price of $253.75.

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.

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