AIA Group Ltd Has $3.95 Million Holdings in International Business Machines Co. (NYSE:IBM)

AIA Group Ltd cut its position in shares of International Business Machines Co. (NYSE:IBM) by 12.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,865 shares of the technology company’s stock after selling 2,592 shares during the quarter. AIA Group Ltd’s holdings in International Business Machines were worth $3,950,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC bought a new stake in International Business Machines during the 2nd quarter worth about $7,160,000. Focused Wealth Management Inc grew its stake in International Business Machines by 52.2% in the third quarter. Focused Wealth Management Inc now owns 11,327 shares of the technology company’s stock valued at $2,504,000 after purchasing an additional 3,887 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of International Business Machines by 4.5% during the 3rd quarter. QRG Capital Management Inc. now owns 140,185 shares of the technology company’s stock worth $30,992,000 after purchasing an additional 6,004 shares during the last quarter. Smith Thornton Advisors LLC bought a new stake in shares of International Business Machines during the 2nd quarter worth approximately $702,000. Finally, F M Investments LLC boosted its holdings in shares of International Business Machines by 39.6% in the 3rd quarter. F M Investments LLC now owns 61,938 shares of the technology company’s stock valued at $13,696,000 after buying an additional 17,554 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Performance

NYSE IBM opened at $213.76 on Friday. The firm has a 50-day moving average price of $217.49 and a two-hundred day moving average price of $191.86. International Business Machines Co. has a 12-month low of $145.28 and a 12-month high of $237.37. The company has a market capitalization of $197.65 billion, a P/E ratio of 31.11, a P/E/G ratio of 4.64 and a beta of 0.71. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%. The business had revenue of $14.97 billion during the quarter, compared to analysts’ expectations of $15.08 billion. During the same period in the previous year, the company posted $2.20 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts anticipate that International Business Machines Co. will post 10.11 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines’s dividend payout ratio (DPR) is currently 97.23%.

Wall Street Analyst Weigh In

Several analysts have issued reports on IBM shares. Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Evercore ISI raised their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. UBS Group boosted their price target on International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group raised their price objective on International Business Machines from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, StockNews.com lowered International Business Machines from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $208.12.

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.