Stifel Financial Corp Boosts Position in International Business Machines Corp. (IBM)

Stifel Financial Corp lifted its holdings in International Business Machines Corp. (NYSE:IBM) by 101.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 783,802 shares of the technology company’s stock after buying an additional 394,453 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of International Business Machines worth $120,596,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IBM. Legg Mason Asset Management Japan Co. Ltd. purchased a new stake in International Business Machines during the 2nd quarter valued at about $1,184,000. Numeric Investors LLC bought a new position in International Business Machines during the 2nd quarter valued at about $231,000. Zacks Investment Management lifted its stake in International Business Machines by 2.2% during the 2nd quarter. Zacks Investment Management now owns 128,020 shares of the technology company’s stock valued at $19,693,000 after acquiring an additional 2,750 shares during the period. Voya Investment Management LLC lifted its stake in International Business Machines by 3.9% during the 2nd quarter. Voya Investment Management LLC now owns 492,564 shares of the technology company’s stock valued at $75,771,000 after acquiring an additional 18,408 shares during the period. Finally, Bank of Hawaii lifted its stake in International Business Machines by 4.4% during the 2nd quarter. Bank of Hawaii now owns 7,248 shares of the technology company’s stock valued at $1,115,000 after acquiring an additional 307 shares during the period. 57.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on IBM shares. Drexel Hamilton restated a “buy” rating and set a $200.00 target price on shares of International Business Machines in a research note on Tuesday, October 17th. Stifel Nicolaus restated a “buy” rating and set a $182.00 target price on shares of International Business Machines in a research note on Friday, October 6th. ValuEngine upgraded shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Vetr raised shares of International Business Machines from a “hold” rating to a “buy” rating and set a $164.53 price objective for the company in a report on Tuesday, October 24th. Finally, Pivotal Research began coverage on shares of International Business Machines in a report on Friday, October 27th. They set a “buy” rating and a $180.00 price objective for the company. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $159.24.

International Business Machines Corp. (NYSE:IBM) traded down $0.62 on Friday, reaching $153.42. The company’s stock had a trading volume of 3,310,894 shares, compared to its average volume of 4,272,923. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79. The stock has a market capitalization of $142,034.86, a price-to-earnings ratio of 12.82, a PEG ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.41 and a quick ratio of 1.36.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion for the quarter, compared to analyst estimates of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.29 earnings per share. research analysts predict that International Business Machines Corp. will post 13.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a yield of 3.91%. International Business Machines’s dividend payout ratio is currently 50.13%.

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About International Business Machines

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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