APG Asset Management N.V. Takes $108.59 Million Position in International Business Machines Co. (NYSE:IBM)

APG Asset Management N.V. acquired a new stake in International Business Machines Co. (NYSE:IBM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 511,500 shares of the technology company's stock, valued at approximately $108,588,000. APG Asset Management N.V. owned about 0.06% of International Business Machines at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Services Inc bought a new position in shares of International Business Machines during the 4th quarter worth approximately $26,000. Vision Financial Markets LLC bought a new position in shares of International Business Machines in the fourth quarter valued at about $31,000. Avondale Wealth Management lifted its stake in shares of International Business Machines by 56.0% during the 4th quarter. Avondale Wealth Management now owns 156 shares of the technology company's stock worth $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock worth $35,000 after buying an additional 90 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in International Business Machines in the 4th quarter valued at about $35,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Price Performance

IBM stock traded up $5.94 during trading on Friday, reaching $235.49. 4,324,754 shares of the company were exchanged, compared to its average volume of 4,215,521. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $266.45. The company has a market capitalization of $218.37 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 5.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. The company has a 50-day moving average of $249.14 and a two-hundred day moving average of $232.95.

Remove Ads

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, beating analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 38.99% and a net margin of 9.60%. As a group, equities analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were given a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is currently 104.21%.

Insider Transactions at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the sale, the senior vice president now directly owns 45,007 shares in the company, valued at $11,387,221.07. This represents a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group restated a "buy" rating on shares of International Business Machines in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price target on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Erste Group Bank upgraded International Business Machines from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a research report on Monday, January 27th. Finally, UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the stock a "sell" rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, International Business Machines has an average rating of "Hold" and a consensus price target of $231.13.

International Business Machines 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.