BOK Financial Private Wealth Inc. Purchases 470 Shares of International Business Machines Co. (NYSE:IBM)

BOK Financial Private Wealth Inc. boosted its position in shares of International Business Machines Co. (NYSE:IBM) by 40.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,622 shares of the technology company’s stock after buying an additional 470 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in International Business Machines were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in International Business Machines by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 82,076,195 shares of the technology company’s stock worth $11,515,290,000 after purchasing an additional 365,388 shares in the last quarter. Morgan Stanley raised its holdings in International Business Machines by 22.8% in the 4th quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock worth $2,337,660,000 after purchasing an additional 3,084,458 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in International Business Machines by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock worth $2,119,007,000 after purchasing an additional 1,105,170 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of International Business Machines by 98,797.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,029,001 shares of the technology company’s stock worth $1,553,876,000 after buying an additional 11,017,849 shares during the period. Finally, Northern Trust Corp grew its position in shares of International Business Machines by 4.2% in the 3rd quarter. Northern Trust Corp now owns 9,970,674 shares of the technology company’s stock worth $1,398,886,000 after buying an additional 404,948 shares during the period. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IBM shares. Bank of America upped their target price on shares of International Business Machines from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets increased their price objective on shares of International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Jefferies Financial Group started coverage on shares of International Business Machines in a research report on Friday, January 5th. They set a “hold” rating and a $180.00 price objective on the stock. Sanford C. Bernstein increased their price objective on shares of International Business Machines from $165.00 to $186.00 and gave the company a “market perform” rating in a research report on Thursday, March 7th. Finally, Stifel Nicolaus increased their price objective on shares of International Business Machines from $144.00 to $183.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of “Hold” and a consensus price target of $178.08.

International Business Machines Stock Up 0.3 %

NYSE:IBM traded up $0.51 during mid-day trading on Monday, reaching $182.78. The company’s stock had a trading volume of 1,046,685 shares, compared to its average volume of 4,823,736. The firm has a market capitalization of $167.56 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.57 and a beta of 0.70. The stock has a fifty day moving average of $188.66 and a 200-day moving average of $167.85. International Business Machines Co. has a 1 year low of $120.55 and a 1 year high of $199.18. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 2.22.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.09. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The firm had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. During the same quarter in the prior year, the company posted $3.60 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts forecast that International Business Machines Co. will post 10.07 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 9th. Investors of record on Friday, February 9th were issued a $1.66 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.63%. International Business Machines’s dividend payout ratio (DPR) is presently 81.67%.

International Business Machines Company Profile

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.