BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 45,693 Shares of International Business Machines Co. (NYSE:IBM)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 598,283 shares of the technology company's stock after purchasing an additional 45,693 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.06% of International Business Machines worth $132,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBM. Citizens Financial Group Inc. RI grew its holdings in International Business Machines by 2.1% during the third quarter. Citizens Financial Group Inc. RI now owns 14,815 shares of the technology company's stock valued at $3,275,000 after purchasing an additional 302 shares during the period. Payden & Rygel lifted its holdings in International Business Machines by 50.0% during the third quarter. Payden & Rygel now owns 79,800 shares of the technology company's stock worth $17,642,000 after acquiring an additional 26,600 shares in the last quarter. Moran Wealth Management LLC grew its stake in International Business Machines by 1.4% in the third quarter. Moran Wealth Management LLC now owns 18,447 shares of the technology company's stock valued at $4,078,000 after acquiring an additional 251 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of International Business Machines during the third quarter worth about $103,000. Finally, Portfolio Design Labs LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at about $260,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on IBM. Bernstein Bank lifted their price target on shares of International Business Machines from $185.00 to $210.00 and gave the company a "market perform" rating in a research note on Thursday, October 3rd. BMO Capital Markets upped their target price on shares of International Business Machines from $235.00 to $260.00 and gave the stock a "market perform" rating in a research note on Thursday, October 24th. Bank of America lifted their price target on International Business Machines from $209.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Evercore ISI increased their price objective on International Business Machines from $215.00 to $240.00 and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Finally, Hsbc Global Res raised International Business Machines to a "moderate sell" rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Hold" and a consensus target price of $208.12.

Insider Activity at International Business Machines

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. This trade represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is owned by insiders.

International Business Machines Stock Performance

Shares of NYSE IBM opened at $214.61 on Thursday. International Business Machines Co. has a one year low of $153.51 and a one year high of $237.37. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.06 and a quick ratio of 1.01. The firm has a market cap of $198.44 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 4.72 and a beta of 0.71. The stock's fifty day moving average price is $219.07 and its two-hundred day moving average price is $194.64.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.27 by $0.03. The company had revenue of $14.97 billion for the quarter, compared to analysts' expectations of $15.08 billion. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $2.20 earnings per share. On average, equities analysts forecast that International Business Machines Co. will post 10.12 EPS for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th will be issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Tuesday, November 12th. International Business Machines's dividend payout ratio (DPR) is currently 97.23%.

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.

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