Keybank National Association OH Boosts Holdings in International Business Machines Corporation (NYSE:IBM)

Keybank National Association OH boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 236,385 shares of the technology company's stock after buying an additional 3,031 shares during the period. Keybank National Association OH's holdings in International Business Machines were worth $58,780,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vision Financial Markets LLC bought a new stake in International Business Machines during the fourth quarter worth $31,000. Rialto Wealth Management LLC purchased a new position in International Business Machines during the 4th quarter worth $35,000. Tacita Capital Inc grew its stake in shares of International Business Machines by 174.3% in the 4th quarter. Tacita Capital Inc now owns 192 shares of the technology company's stock worth $42,000 after acquiring an additional 122 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of International Business Machines in the fourth quarter valued at about $43,000. Finally, Park Place Capital Corp lifted its position in shares of International Business Machines by 42.6% during the first quarter. Park Place Capital Corp now owns 194 shares of the technology company's stock valued at $48,000 after purchasing an additional 58 shares in the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBM has been the subject of a number of recent analyst reports. Wedbush upped their price objective on shares of International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Royal Bank Of Canada upped their target price on International Business Machines from $276.00 to $285.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Jefferies Financial Group reiterated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. UBS Group reissued a "sell" rating and issued a $170.00 price objective (up previously from $160.00) on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $257.50.

International Business Machines Stock Performance

Shares of IBM traded down $3.41 during trading hours on Wednesday, hitting $287.79. The company's stock had a trading volume of 3,256,085 shares, compared to its average volume of 4,216,933. The business has a 50 day simple moving average of $265.09 and a two-hundred day simple moving average of $248.52. International Business Machines Corporation has a 52-week low of $173.95 and a 52-week high of $296.16. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.01 and a quick ratio of 0.97. The company has a market cap of $267.47 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 6.19 and a beta of 0.69.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $14.54 billion during the quarter, compared to analyst estimates of $14.41 billion. International Business Machines had a net margin of 8.71% and a return on equity of 37.43%. International Business Machines's revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. On average, equities analysts expect that International Business Machines Corporation will post 10.78 earnings per share 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. Investors of record on Friday, May 9th were issued a dividend of $1.68 per share. This is a boost from International Business Machines's previous quarterly dividend of $1.67. This represents a $6.72 dividend on an annualized basis and a yield of 2.34%. International Business Machines's dividend payout ratio is 115.66%.

About International Business Machines

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.