Integrated Wealth Concepts LLC Purchases 75 Shares of International Business Machines Co. (NYSE:IBM)

Integrated Wealth Concepts LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,055 shares of the technology company’s stock after buying an additional 75 shares during the period. Integrated Wealth Concepts LLC’s holdings in International Business Machines were worth $9,961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Janus Henderson Group PLC boosted its position in shares of International Business Machines by 26.6% in the 3rd quarter. Janus Henderson Group PLC now owns 871,064 shares of the technology company’s stock worth $192,557,000 after purchasing an additional 183,141 shares in the last quarter. HighTower Advisors LLC boosted its holdings in International Business Machines by 6.4% in the third quarter. HighTower Advisors LLC now owns 1,423,795 shares of the technology company’s stock worth $314,762,000 after acquiring an additional 85,707 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of International Business Machines by 14.8% in the third quarter. Hilltop Holdings Inc. now owns 27,081 shares of the technology company’s stock worth $5,987,000 after acquiring an additional 3,483 shares during the last quarter. Hollow Brook Wealth Management LLC bought a new position in shares of International Business Machines during the third quarter valued at $211,000. Finally, Holocene Advisors LP purchased a new position in shares of International Business Machines in the 3rd quarter worth about $573,306,000. 58.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America increased their price target on shares of International Business Machines from $209.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “market perform” rating in a report on Thursday, October 24th. Stifel Nicolaus upped their price target on International Business Machines from $205.00 to $246.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Morgan Stanley lowered their target price on shares of International Business Machines from $217.00 to $208.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $208.12.

International Business Machines Trading Up 0.7 %

Shares of IBM opened at $229.00 on Wednesday. The company has a market cap of $211.74 billion, a P/E ratio of 33.33, a P/E/G ratio of 5.11 and a beta of 0.73. International Business Machines Co. has a twelve month low of $157.88 and a twelve month high of $237.37. The company’s fifty day simple moving average is $220.92 and its 200-day simple moving average is $198.52. The company has a current ratio of 1.06, a quick ratio of 1.01 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, topping analysts’ consensus estimates 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 firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company earned $2.20 EPS. International Business Machines’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts expect that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be issued a $1.67 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.92%. International Business Machines’s payout ratio is 97.23%.

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.