TSG Advice Partners LLC Makes New $800,000 Investment in International Business Machines Corporation $IBM

Key Points

• TSG Advice Partners LLC invested approximately $800,000 in IBM during the third quarter by acquiring 3,637 shares. Institutional investors collectively own 58.96% of IBM’s outstanding stock.
• IBM reported quarterly EPS of $2.95, exceeding the $2.85 consensus estimate, while revenue reached $17.10 billion, up 4.7% year over year and above expectations.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to an annualized $6.76 payout and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $266.12.

TSG Advice Partners LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,637 shares of the technology company's stock, valued at approximately $800,000.

A number of other large investors also recently modified their holdings of IBM. BlackRock Inc. purchased a new stake in International Business Machines in the 2nd quarter worth $21,586,659,000. State Street Corp grew its holdings in shares of International Business Machines by 2.7% in the second quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock valued at $15,760,430,000 after purchasing an additional 1,450,562 shares in the last quarter. Bank of America Corp DE lifted its position in International Business Machines by 7.0% during the first quarter. Bank of America Corp DE now owns 16,063,653 shares of the technology company's stock valued at $3,893,669,000 after purchasing an additional 1,049,602 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of International Business Machines in the 2nd quarter worth $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of International Business Machines by 0.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company's stock worth $2,143,245,000 after buying an additional 53,388 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

International Business Machines Trading Down 1.9%

NYSE:IBM opened at $252.98 on Tuesday. The firm has a 50-day simple moving average of $235.51 and a 200-day simple moving average of $249.68. International Business Machines Corporation has a one year low of $199.19 and a one year high of $332.46. The firm has a market cap of $239.10 billion, a P/E ratio of 21.57, a P/E/G ratio of 2.49 and a beta of 0.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.80 and a current ratio of 0.85.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.85 by $0.10. The firm had revenue of $17.10 billion for the quarter, compared to the consensus estimate of $16.82 billion. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $2.65 earnings per share. Equities analysts anticipate that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. International Business Machines's dividend payout ratio is 57.63%.

Insider Buying and Selling

In related news, SVP Robert Thomas sold 25,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares in the company, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group lifted their price target on International Business Machines from $236.00 to $243.00 and gave the stock a "neutral" rating in a research report on Thursday, October 22nd. Yorkville Ives initiated coverage on International Business Machines in a research report on Monday, October 5th. They set an "outperform" rating and a $275.00 price objective on the stock. Argus lowered their target price on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, July 16th. Daiwa Securities Group dropped their price objective on International Business Machines from $247.00 to $217.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $300.00 target price on shares of International Business Machines in a research note on Thursday, October 22nd. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and an average price target of $266.12.

About International Business Machines

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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