TCG Advisory Services LLC Has $627,000 Position in International Business Machines Co. (NYSE:IBM)

TCG Advisory Services LLC trimmed its holdings in International Business Machines Co. (NYSE:IBM) by 3.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,833 shares of the technology company’s stock after selling 126 shares during the quarter. TCG Advisory Services LLC’s holdings in International Business Machines were worth $627,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in IBM. International Assets Investment Management LLC boosted its holdings in shares of International Business Machines by 15,439.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,653,462 shares of the technology company’s stock worth $433,974,000 after buying an additional 2,636,386 shares in the last quarter. Morgan Stanley lifted its position in shares of International Business Machines by 13.4% during the 3rd quarter. Morgan Stanley now owns 16,257,789 shares of the technology company’s stock valued at $2,280,968,000 after acquiring an additional 1,919,490 shares during the period. California Public Employees Retirement System boosted its stake in International Business Machines by 15.9% during the third quarter. California Public Employees Retirement System now owns 6,345,842 shares of the technology company’s stock worth $890,322,000 after acquiring an additional 871,247 shares in the last quarter. Northern Trust Corp grew its holdings in International Business Machines by 4.2% in the third quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after purchasing an additional 404,948 shares during the period. Finally, Acadian Asset Management LLC increased its stake in International Business Machines by 162.4% in the third quarter. Acadian Asset Management LLC now owns 621,682 shares of the technology company’s stock valued at $87,204,000 after purchasing an additional 384,744 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

IBM has been the subject of several research reports. Evercore ISI upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their target price for the company from $165.00 to $200.00 in a research note on Friday, January 19th. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $190.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Wedbush increased their target price on International Business Machines from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Morgan Stanley lowered their price objective on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $181.29.

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $1.02 during trading hours on Friday, hitting $165.71. 3,400,405 shares of the company’s stock traded hands, compared to its average volume of 4,768,629. The company has a fifty day simple moving average of $185.75 and a 200-day simple moving average of $171.44. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.13 and a quick ratio of 1.09. The stock has a market capitalization of $152.22 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 4.08 and a beta of 0.74. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $199.18.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. International Business Machines had a net margin of 13.18% and a return on equity of 40.21%. The business had revenue of $14.46 billion for the quarter, compared to analyst estimates of $14.53 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that International Business Machines Co. will post 9.92 EPS for the current fiscal year.

International Business Machines Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 10th will be given a $1.67 dividend. This is an increase from International Business Machines’s previous quarterly dividend of $1.66. This represents a $6.68 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, May 9th. International Business Machines’s dividend payout ratio (DPR) is currently 75.20%.

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.