Daiwa Securities Group Inc. Has $43.04 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Daiwa Securities Group Inc. lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 194,690 shares of the technology company's stock after acquiring an additional 13,792 shares during the quarter. Daiwa Securities Group Inc.'s holdings in International Business Machines were worth $43,042,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in shares of International Business Machines by 4.1% in the second quarter. Legal & General Group Plc now owns 8,487,827 shares of the technology company's stock worth $1,467,974,000 after acquiring an additional 330,694 shares during the last quarter. Ameriprise Financial Inc. grew its position in International Business Machines by 6.4% during the second quarter. Ameriprise Financial Inc. now owns 7,366,715 shares of the technology company's stock worth $1,274,074,000 after buying an additional 444,698 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in International Business Machines by 6.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,796,206 shares of the technology company's stock valued at $829,431,000 after acquiring an additional 304,390 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in International Business Machines by 151.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,515,666 shares of the technology company's stock valued at $671,352,000 after acquiring an additional 2,118,165 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of International Business Machines by 0.5% in the 3rd quarter. Swiss National Bank now owns 2,726,700 shares of the technology company's stock worth $602,819,000 after acquiring an additional 12,400 shares during the period. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Up 0.3 %

Shares of International Business Machines stock traded up $0.57 during trading hours on Friday, hitting $222.97. The company's stock had a trading volume of 5,320,740 shares, compared to its average volume of 4,315,075. The company has a market capitalization of $206.17 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 4.99 and a beta of 0.71. 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 stock has a 50 day moving average of $219.45 and a 200 day moving average of $195.39. International Business Machines Co. has a 12 month low of $153.92 and a 12 month high of $237.37.

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. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The firm had revenue of $14.97 billion for the quarter, compared to the consensus estimate of $15.08 billion. During the same period last year, the company posted $2.20 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. Analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors 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 yield of 3.00%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines's payout ratio is 97.23%.

Analysts Set New Price Targets

IBM has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on International Business Machines from $235.00 to $260.00 and gave the company a "market perform" rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Morgan Stanley reduced their price objective on shares of International Business Machines from $217.00 to $208.00 and set an "equal weight" rating for the company in a report on Thursday, October 24th. Evercore ISI upped their target price on shares of International Business Machines from $215.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, September 11th. Finally, UBS Group raised their price target on shares of International Business Machines from $130.00 to $145.00 and gave the stock a "sell" rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $208.12.

Insider Activity at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares of the company's stock, valued at $5,463,928. The trade was a 12.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.07% of the stock is owned by insiders.

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.