International Business Machines Co. (NYSE:IBM) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 24.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,293 shares of the technology company's stock after selling 42,554 shares during the period. Banco Santander S.A.'s holdings in International Business Machines were worth $28,642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Compass Financial Services Inc acquired a new stake in shares of International Business Machines during the 4th quarter valued at approximately $26,000. Hara Capital LLC purchased a new stake in shares of International Business Machines in the third quarter valued at about $29,000. Vision Financial Markets LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $31,000. Avondale Wealth Management raised its position 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 purchasing an additional 56 shares during the last quarter. Finally, Valued Wealth Advisors LLC lifted its stake in International Business Machines by 134.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company's stock valued at $35,000 after buying an additional 90 shares in the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.

International Business Machines Trading Down 3.1 %

Shares of NYSE IBM traded down $7.87 during midday trading on Tuesday, hitting $249.03. The stock had a trading volume of 5,629,213 shares, compared to its average volume of 3,924,495. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.82. International Business Machines Co. has a 1-year low of $162.62 and a 1-year high of $266.45. The company has a market capitalization of $230.92 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 5.81 and a beta of 0.74. The company has a fifty day moving average price of $242.03 and a 200 day moving average price of $227.05.

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

International Business Machines Announces Dividend

The business also recently disclosed 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 2.68%. The ex-dividend date of this dividend was Monday, February 10th. International Business Machines's dividend payout ratio (DPR) is presently 104.21%.

Insiders Place Their Bets

In other International Business Machines news, SVP Robert David Thomas sold 26,543 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total value of $6,715,644.43. Following the completion of the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. This represents a 37.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IBM shares. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. StockNews.com upgraded International Business Machines from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank of Canada restated an "outperform" rating and issued a $250.00 target price on shares of International Business Machines in a report on Monday, January 27th. Jefferies Financial Group lifted their price target on shares of International Business Machines from $245.00 to $270.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, Wedbush assumed coverage on shares of International Business Machines in a research note on Monday, February 3rd. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and an average target price of $231.44.

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.