PNC Financial Services Group Inc. Cuts Stock Holdings in International Business Machines Corporation $IBM

PNC Financial Services Group Inc. trimmed its position in shares of International Business Machines Corporation (NYSE:IBM) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,116,886 shares of the technology company’s stock after selling 43,000 shares during the period. PNC Financial Services Group Inc.’s holdings in International Business Machines were worth $330,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IBM. Capital World Investors boosted its stake in International Business Machines by 13.9% during the 3rd quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock worth $4,809,461,000 after purchasing an additional 2,077,506 shares during the last quarter. Vanguard Group Inc. boosted its stake in International Business Machines by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares during the last quarter. First Trust Advisors LP boosted its stake in International Business Machines by 39.6% during the 3rd quarter. First Trust Advisors LP now owns 3,052,880 shares of the technology company’s stock worth $861,401,000 after purchasing an additional 865,253 shares during the last quarter. Franklin Resources Inc. boosted its stake in International Business Machines by 64.7% during the 3rd quarter. Franklin Resources Inc. now owns 2,162,741 shares of the technology company’s stock worth $610,239,000 after purchasing an additional 849,500 shares during the last quarter. Finally, Amundi boosted its stake in International Business Machines by 17.9% during the 3rd quarter. Amundi now owns 4,777,516 shares of the technology company’s stock worth $1,382,695,000 after purchasing an additional 725,191 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting International Business Machines

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

• Positive Sentiment: IBM announced an expanded AI-powered security portfolio and said it is strengthening its work with Anthropic through Project Glasswing, which could support longer-term demand for its enterprise security offerings. IBM Brings Its Most Advanced AI-Powered Security Portfolio to Clients, and is Strengthened by Ongoing Project Glasswing Work
• Positive Sentiment: IBM also continues to benefit from AI and hybrid cloud partnership activity, including the expanded Oracle-IBM collaboration and IBM Consulting’s work on large digital transformation projects, reinforcing its role in enterprise infrastructure. Oracle IBM AI Cloud Alliance And What It Might Mean For ORCL Valuation
• Neutral Sentiment: Analyst commentary remains mixed: RBC Capital Markets cut its price target on IBM but kept an Outperform rating, while other articles noted IBM remains one of the most closely watched stocks. RBC Capital Markets Lowers IBM PT while Keeping Bullish Rating
• Neutral Sentiment: Recent coverage also highlights that IBM has solid earnings and long-term upside in AI and quantum infrastructure, but the stock has been volatile and has struggled to sustain momentum. 2 Quantum Hyperscaler Stocks With 30% Price Target to Watch in May
• Negative Sentiment: A recent market note said IBM has been one of the weakest mega-cap names in 2026, with the stock down sharply this year even after better-than-expected earnings, suggesting investors remain unconvinced that the fundamentals justify the valuation. IBM Stock Leads Mega-Cap Stock Decliners as Market Volatility Triggers Steep Selloff. That Doesn’t Tell You the Whole Story.

International Business Machines Stock Down 0.2%

Shares of NYSE:IBM opened at $222.30 on Wednesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The firm has a market capitalization of $208.94 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.31 and a beta of 0.58. The firm’s 50-day moving average is $239.09 and its two-hundred day moving average is $273.55. International Business Machines Corporation has a 1 year low of $212.34 and a 1 year high of $324.90.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The company 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 business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 earnings per share. Analysts predict that International Business Machines Corporation will post 12.4 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 8th will be paid a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 3.0%. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. The ex-dividend date is Friday, May 8th. International Business Machines’s payout ratio is currently 59.77%.

Insider Transactions at International Business Machines

In other International Business Machines news, Director Michael Miebach purchased 434 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the purchase, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IBM has been the topic of several recent research reports. Wedbush reaffirmed an “outperform” rating and set a $320.00 target price on shares of International Business Machines in a research note on Wednesday, May 6th. Argus set a $360.00 target price on shares of International Business Machines in a research note on Friday, January 30th. Evercore lifted their target price on shares of International Business Machines from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. BMO Capital Markets lowered their target price on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Finally, Morgan Stanley lifted their target price on shares of International Business Machines from $215.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and an average price target of $294.41.

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.