International Business Machines Co. (NYSE:IBM) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its position in International Business Machines Co. (NYSE:IBM) by 57.5% in the 4th quarter, Holdings Channel reports. The fund owned 17,149 shares of the technology company’s stock after purchasing an additional 6,259 shares during the period. Citizens Financial Group Inc. RI’s holdings in International Business Machines were worth $2,805,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. KFA Private Wealth Group LLC acquired a new stake in International Business Machines in the fourth quarter valued at approximately $285,000. Jackson Hole Capital Partners LLC grew its position in International Business Machines by 14.2% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 20,293 shares of the technology company’s stock valued at $3,319,000 after acquiring an additional 2,523 shares in the last quarter. Prentiss Smith & Co. Inc. grew its position in International Business Machines by 13.4% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 1,960 shares of the technology company’s stock valued at $321,000 after acquiring an additional 232 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of International Business Machines by 0.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 515,212 shares of the technology company’s stock worth $84,263,000 after buying an additional 1,962 shares in the last quarter. Finally, Syon Capital LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Performance

International Business Machines stock traded down $1.78 during mid-day trading on Friday, reaching $167.13. The company’s stock had a trading volume of 8,983,796 shares, compared to its average volume of 3,906,041. The company has a current ratio of 1.13, a quick ratio of 0.93 and a debt-to-equity ratio of 2.32. The firm has a market cap of $153.21 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.33 and a beta of 0.70. International Business Machines Co. has a twelve month low of $120.55 and a twelve month high of $199.18. The business has a 50 day moving average price of $187.60 and a 200-day moving average price of $170.15.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The company had revenue of $14.46 billion for the quarter, compared to analysts’ expectations of $14.53 billion. International Business Machines had a return on equity of 40.21% and a net margin of 13.18%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $1.36 earnings per share. Sell-side analysts predict that International Business Machines Co. will post 9.99 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 9th. Shareholders of record on Friday, February 9th were paid a $1.66 dividend. This represents a $6.64 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Thursday, February 8th. International Business Machines’s payout ratio is 75.20%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBM. BMO Capital Markets decreased their price target on shares of International Business Machines from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Thursday. StockNews.com downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI raised shares of International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. Jefferies Financial Group decreased their price target on shares of International Business Machines from $215.00 to $210.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on shares of International Business Machines from $186.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $184.08.

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.