Bleakley Financial Group LLC Has $6.91 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Bleakley Financial Group LLC grew its position in International Business Machines Co. (NYSE:IBM) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,446 shares of the technology company’s stock after acquiring an additional 104 shares during the quarter. Bleakley Financial Group LLC’s holdings in International Business Machines were worth $6,913,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Centennial Wealth Advisory LLC boosted its stake in shares of International Business Machines by 0.6% in the 4th quarter. Centennial Wealth Advisory LLC now owns 9,987 shares of the technology company’s stock valued at $2,196,000 after purchasing an additional 55 shares in the last quarter. Trilogy Capital Inc. grew its stake in shares of International Business Machines by 6.0% during the fourth quarter. Trilogy Capital Inc. now owns 975 shares of the technology company’s stock valued at $214,000 after purchasing an additional 55 shares during the last quarter. Schmidt P J Investment Management Inc. raised its position in shares of International Business Machines by 5.3% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,970 shares of the technology company’s stock worth $433,000 after acquiring an additional 100 shares during the last quarter. Inman Jager Wealth Management LLC acquired a new position in International Business Machines during the 4th quarter valued at about $1,900,000. Finally, Tyche Wealth Partners LLC boosted its stake in International Business Machines by 5.0% in the fourth quarter. Tyche Wealth Partners LLC now owns 3,065 shares of the technology company’s stock valued at $674,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the sale, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBM. StockNews.com upgraded International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their price target on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a report on Monday, January 27th. Finally, Stifel Nicolaus lifted their target price on International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines has an average rating of “Hold” and a consensus target price of $225.53.

International Business Machines Stock Performance

Shares of IBM opened at $263.03 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The firm has a fifty day simple moving average of $228.01 and a 200 day simple moving average of $215.86. The stock has a market capitalization of $243.21 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 5.63 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. Research analysts forecast that International Business Machines Co. will post 10.73 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

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.