UMB Bank n.a. Has $14.68 Million Stake in International Business Machines Corporation $IBM

Key Points

• UMB Bank n.a. reduced its stake in International Business Machines Corporation (IBM) by 3.5% during the second quarter, owning 49,788 shares worth approximately $14.68 million.
• IBM's quarterly earnings exceeded analysts' expectations with $2.80 earnings per share against a projected $2.65, and revenue reached $16.98 billion, representing a 7.7% increase year-over-year.
• The company recently declared a quarterly dividend of $1.68, resulting in an annualized dividend yield of 2.5% and a dividend payout ratio of 109.09%.

UMB Bank n.a. reduced its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,788 shares of the technology company's stock after selling 1,829 shares during the period. UMB Bank n.a.'s holdings in International Business Machines were worth $14,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IBM. Vanguard Group Inc. grew its position in International Business Machines by 1.4% in the first quarter. Vanguard Group Inc. now owns 93,137,767 shares of the technology company's stock valued at $23,159,637,000 after acquiring an additional 1,298,515 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in International Business Machines by 6.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,636,725 shares of the technology company's stock worth $2,147,608,000 after acquiring an additional 524,633 shares during the last quarter. Ameriprise Financial Inc. grew its position in International Business Machines by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 5,516,240 shares of the technology company's stock worth $1,371,812,000 after acquiring an additional 52,317 shares during the last quarter. Goldman Sachs Group Inc. grew its position in International Business Machines by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,157,846 shares of the technology company's stock worth $1,282,550,000 after acquiring an additional 889,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in International Business Machines by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,108,455 shares of the technology company's stock worth $1,270,022,000 after acquiring an additional 24,790 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Stock Performance

International Business Machines stock opened at $267.19 on Friday. The company has a market capitalization of $248.33 billion, a PE ratio of 43.38, a P/E/G ratio of 4.08 and a beta of 0.71. International Business Machines Corporation has a fifty-two week low of $203.51 and a fifty-two week high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The company has a 50 day moving average price of $254.82 and a 200-day moving average price of $257.21.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.65 by $0.15. The firm had revenue of $16.98 billion for the quarter, compared to analyst estimates of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.43 earnings per share. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that International Business Machines Corporation will post 10.78 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 8th were paid a $1.68 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. International Business Machines's dividend payout ratio is 109.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. Bank of America reduced their price objective on International Business Machines from $320.00 to $310.00 and set a "buy" rating for the company in a report on Thursday, July 24th. Wedbush lifted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Royal Bank Of Canada lifted their price objective on International Business Machines from $285.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets upped their price target on International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $275.00.

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.

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