PNC Financial Services Group Inc. Sells 43,000 Shares of International Business Machines Corporation $IBM

Key Points

• PNC Financial Services Group trimmed its IBM stake by 3.7% in the fourth quarter, selling 43,000 shares and ending the period with 1,116,886 shares valued at about $330.8 million.
• IBM’s latest earnings topped expectations, with quarterly EPS of $1.91 versus the $1.81 estimate and revenue of $15.92 billion, up 9.5% year over year.
• IBM raised its dividend to $1.69 per share quarterly, or $6.76 annualized, for a yield of about 3.0%, while analysts currently maintain a consensus rating of Moderate Buy.

PNC Financial Services Group Inc. reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,116,886 shares of the technology company's stock after selling 43,000 shares during the period. PNC Financial Services Group Inc. owned 0.12% of International Business Machines worth $330,833,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBM. Brighton Jones LLC raised its position in shares of International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock valued at $4,619,000 after purchasing an additional 2,323 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of International Business Machines by 10.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock valued at $571,000 after purchasing an additional 186 shares during the last quarter. Jump Financial LLC purchased a new position in shares of International Business Machines in the 2nd quarter valued at approximately $211,000. Ieq Capital LLC raised its position in shares of International Business Machines by 2.2% in the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company's stock valued at $11,383,000 after purchasing an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP raised its position in shares of International Business Machines by 11.6% in the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company's stock valued at $300,000 after purchasing an additional 106 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $222.30 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. International Business Machines Corporation has a 12 month low of $212.34 and a 12 month high of $324.90. The company has a 50 day simple moving average of $239.09 and a two-hundred day simple moving average of $273.55. The stock has a market cap of $208.94 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.31 and a beta of 0.58.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The business had revenue of $15.92 billion during the quarter, compared to analysts' expectations of $15.60 billion. During the same period in the previous year, the business posted $1.60 EPS. The business's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts predict that International Business Machines Corporation will post 12.4 earnings per share for the current year.

International Business Machines Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, May 8th. This is a positive change from International Business Machines's previous quarterly dividend of $1.68. International Business Machines's dividend payout ratio (DPR) is presently 59.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBM. BMO Capital Markets decreased their price objective on shares of International Business Machines from $290.00 to $270.00 and set a "market perform" rating for the company in a research report on Thursday, April 23rd. Morgan Stanley increased their price objective on shares of International Business Machines from $215.00 to $225.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Royal Bank Of Canada decreased their price objective on shares of International Business Machines from $330.00 to $300.00 and set an "outperform" rating for the company in a research report on Wednesday, May 6th. Jefferies Financial Group reduced their price target on shares of International Business Machines from $370.00 to $320.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Finally, UBS Group upgraded shares of International Business Machines from a "sell" rating to a "neutral" rating and set a $236.00 price objective for the company in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $294.41.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM announced an expanded AI-powered security portfolio and said it is strengthening its work with Anthropic through Project Glasswing, which could support longer-term demand for its enterprise security offerings. IBM Brings Its Most Advanced AI-Powered Security Portfolio to Clients, and is Strengthened by Ongoing Project Glasswing Work
• Positive Sentiment: IBM also continues to benefit from AI and hybrid cloud partnership activity, including the expanded Oracle-IBM collaboration and IBM Consulting’s work on large digital transformation projects, reinforcing its role in enterprise infrastructure. Oracle IBM AI Cloud Alliance And What It Might Mean For ORCL Valuation
• Neutral Sentiment: Analyst commentary remains mixed: RBC Capital Markets cut its price target on IBM but kept an Outperform rating, while other articles noted IBM remains one of the most closely watched stocks. RBC Capital Markets Lowers IBM PT while Keeping Bullish Rating
• Neutral Sentiment: Recent coverage also highlights that IBM has solid earnings and long-term upside in AI and quantum infrastructure, but the stock has been volatile and has struggled to sustain momentum. 2 Quantum Hyperscaler Stocks With 30% Price Target to Watch in May
• Negative Sentiment: A recent market note said IBM has been one of the weakest mega-cap names in 2026, with the stock down sharply this year even after better-than-expected earnings, suggesting investors remain unconvinced that the fundamentals justify the valuation. IBM Stock Leads Mega-Cap Stock Decliners as Market Volatility Triggers Steep Selloff. That Doesn’t Tell You the Whole Story.

Insider Buying and Selling

In other news, Director Michael Miebach bought 434 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was purchased at an average cost of $233.33 per share, with a total value of $101,265.22. Following the acquisition, the director directly owned 434 shares in the company, valued at $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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