Bleakley Financial Group LLC Has $9.89 Million Stock Holdings in International Business Machines Corporation $IBM

Bleakley Financial Group LLC decreased its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 12.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,802 shares of the technology company’s stock after selling 5,662 shares during the quarter. Bleakley Financial Group LLC’s holdings in International Business Machines were worth $9,890,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IBM. CVA Family Office LLC grew its stake in shares of International Business Machines by 1.4% in the fourth quarter. CVA Family Office LLC now owns 2,389 shares of the technology company’s stock worth $708,000 after acquiring an additional 33 shares during the last quarter. Foster Group Inc. increased its position in International Business Machines by 1.3% during the fourth quarter. Foster Group Inc. now owns 2,507 shares of the technology company’s stock worth $742,000 after acquiring an additional 33 shares during the period. New Covenant Trust Company N.A. raised its stake in International Business Machines by 3.8% during the 4th quarter. New Covenant Trust Company N.A. now owns 905 shares of the technology company’s stock valued at $264,000 after purchasing an additional 33 shares during the last quarter. McGowan Group Asset Management Inc. raised its stake in International Business Machines by 1.2% during the 4th quarter. McGowan Group Asset Management Inc. now owns 2,693 shares of the technology company’s stock valued at $798,000 after purchasing an additional 33 shares during the last quarter. Finally, Sandbox Financial Partners LLC boosted its holdings in International Business Machines by 0.4% in the 4th quarter. Sandbox Financial Partners LLC now owns 8,969 shares of the technology company’s stock valued at $2,657,000 after purchasing an additional 34 shares during the period. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBM has been the topic of several research analyst reports. Wedbush set a $350.00 price target on shares of International Business Machines in a research report on Tuesday, June 2nd. Piper Sandler upgraded shares of International Business Machines to an “overweight” rating in a research note on Tuesday, June 23rd. Barclays started coverage on International Business Machines in a research report on Monday, June 1st. They set an “overweight” rating and a $350.00 target price on the stock. Stifel Nicolaus set a $290.00 price target on International Business Machines in a research note on Friday, May 22nd. Finally, BMO Capital Markets cut their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $306.28.

International Business Machines News Summary

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Jim Cramer called IBM inexpensive, praised CEO Arvind Krishna’s execution, and suggested buying the stock, reinforcing the bullish view that the company is undervalued. Jim Cramer on IBM: “It’s Inexpensive and Arvind Krishna’s Doing a Fantastic Job”
• Positive Sentiment: IBM unveiled major updates to its Bob AI platform, which could improve its competitive position in enterprise AI and support the stock’s growth narrative. IBM Just Unveiled Major Updates to Its Bob AI Platform. How to Play IBM Stock Here.
• Positive Sentiment: Market commentary on IBM’s quantum efforts and its presence in a Capitol Hill quantum tech showcase kept attention on the company’s long-term technology upside. Quantum Tech on Capitol Hill: Nvidia, IBM and More Stocks to Watch
• Positive Sentiment: Analysts and media reports framed IBM as a potential dividend-and-growth name, suggesting investors still see defensive appeal alongside capital appreciation potential. 3 Dividend Stocks with Growth on Tap for the Second Half
• Neutral Sentiment: Several articles debated IBM’s place in the AI trade and whether it can remain steady through an AI “reset,” but these pieces were more about positioning than a clear new catalyst. Can IBM (NYSE:IBM) Stay Steady Through the AI Reset?
• Neutral Sentiment: A comparison article argued HubSpot has the edge over IBM on faster growth and valuation, which is a mild reminder that IBM still faces competition for AI investor dollars. HubSpot vs. IBM: Which AI Software Stock is a Better Buy Now?

International Business Machines Trading Up 1.0%

Shares of IBM stock opened at $290.46 on Tuesday. The firm has a fifty day moving average of $264.95 and a 200-day moving average of $265.82. The stock has a market cap of $273.00 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 2.78 and a beta of 0.68. International Business Machines Corporation has a 52-week low of $212.34 and a 52-week high of $332.46. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80.

International Business Machines (NYSE:IBM) last issued its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.10. The business had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.60 EPS. On average, equities research analysts forecast that International Business Machines Corporation will post 12.45 earnings per share for the current fiscal year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th were paid a dividend of $1.69 per share. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, May 8th. International Business Machines’s dividend payout ratio is 59.77%.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.