International Business Machines Corporation (NYSE:IBM) Shares Bought by Strategic Financial Group LLC

Strategic Financial Group LLC boosted its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,729 shares of the technology company’s stock after buying an additional 105 shares during the period. Strategic Financial Group LLC’s holdings in International Business Machines Corporation were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBM. Intact Investment Management Inc. boosted its position in shares of International Business Machines Corporation by 0.3% in the fourth quarter. Intact Investment Management Inc. now owns 109,750 shares of the technology company’s stock worth $18,217,000 after buying an additional 300 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of International Business Machines Corporation by 14.8% in the fourth quarter. Scotia Capital Inc. now owns 78,637 shares of the technology company’s stock worth $13,058,000 after buying an additional 10,130 shares in the last quarter. AMF Pensionsforsakring AB boosted its position in shares of International Business Machines Corporation by 186.6% in the fourth quarter. AMF Pensionsforsakring AB now owns 745,277 shares of the technology company’s stock worth $123,709,000 after buying an additional 485,195 shares in the last quarter. Guardian Capital Advisors LP boosted its position in shares of International Business Machines Corporation by 0.4% in the fourth quarter. Guardian Capital Advisors LP now owns 18,398 shares of the technology company’s stock worth $3,104,000 after buying an additional 71 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI boosted its position in shares of International Business Machines Corporation by 5.2% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 153,738 shares of the technology company’s stock worth $25,519,000 after buying an additional 7,585 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) traded down 0.71% during midday trading on Friday, reaching $139.70. The company’s stock had a trading volume of 4,152,714 shares. International Business Machines Corporation has a 52-week low of $139.58 and a 52-week high of $182.79. The stock has a market capitalization of $130.19 billion, a price-to-earnings ratio of 11.59 and a beta of 0.97. The firm has a 50-day moving average price of $147.30 and a 200 day moving average price of $161.22.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. The business had revenue of $19.29 billion during the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. International Business Machines Corporation’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.95 earnings per share. Equities research analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio is currently 49.88%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by [[site]] and is owned by of [[site]]. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at [[permalink]].

A number of brokerages have commented on IBM. Pacific Crest began coverage on International Business Machines Corporation in a research note on Thursday, May 18th. They set an “equal weight” rating and a $151.35 price objective on the stock. Stifel Nicolaus restated a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research note on Friday, July 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $160.00 price objective (down previously from $165.00) on shares of International Business Machines Corporation in a research note on Saturday, July 22nd. Vetr upgraded International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $147.97 price objective on the stock in a research note on Monday, May 15th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $150.00 price objective on shares of International Business Machines Corporation in a research note on Wednesday, August 9th. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $157.40.

International Business Machines Corporation Company Profile

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.