Marks Group Wealth Management Inc Boosts Stake in International Business Machines Co. (NYSE:IBM)

Marks Group Wealth Management Inc grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,425 shares of the technology company’s stock after acquiring an additional 45 shares during the quarter. Marks Group Wealth Management Inc’s holdings in International Business Machines were worth $2,292,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IBM. State Street Corp grew its holdings in shares of International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after buying an additional 1,200,803 shares in the last quarter. FMR LLC boosted its position in International Business Machines by 6.0% during the third quarter. FMR LLC now owns 5,195,933 shares of the technology company’s stock worth $1,148,717,000 after acquiring an additional 294,276 shares during the last quarter. Swiss National Bank grew its stake in International Business Machines by 0.5% in the 3rd quarter. Swiss National Bank now owns 2,726,700 shares of the technology company’s stock worth $602,819,000 after acquiring an additional 12,400 shares during the period. International Assets Investment Management LLC raised its holdings in International Business Machines by 20,324.5% in the 3rd quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock valued at $600,373,000 after acquiring an additional 2,702,340 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of International Business Machines during the third quarter worth $573,306,000. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Up 2.2 %

NYSE:IBM opened at $254.85 on Wednesday. The stock has a market cap of $235.65 billion, a price-to-earnings ratio of 39.76, a price-to-earnings-growth ratio of 5.57 and a beta of 0.76. International Business Machines Co. has a one year low of $162.62 and a one year high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business’s 50-day simple moving average is $230.19 and its 200 day simple moving average is $217.78.

International Business Machines (NYSE:IBM) last announced its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, sell-side analysts predict that International Business Machines Co. will post 10.75 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is presently 104.21%.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of International Business Machines in a research report on Monday, January 27th. Jefferies Financial Group increased their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a “hold” rating in a research note on Thursday, January 30th. Wedbush started coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an “outperform” rating for the company. Finally, Morgan Stanley increased their target price on International Business Machines from $217.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and an average price target of $231.44.

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.