J.Safra Asset Management Corp Has $354,000 Position in International Business Machines Co. (NYSE:IBM)

J.Safra Asset Management Corp raised its position in International Business Machines Co. (NYSE:IBM - Free Report) by 189.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,608 shares of the technology company's stock after buying an additional 1,052 shares during the period. J.Safra Asset Management Corp's holdings in International Business Machines were worth $354,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Holocene Advisors LP bought a new position in International Business Machines in the third quarter valued at approximately $573,306,000. State Street Corp grew its holdings in International Business Machines by 2.2% during the third quarter. State Street Corp now owns 55,671,883 shares of the technology company's stock worth $12,307,940,000 after purchasing an additional 1,200,803 shares during the period. KBC Group NV grew its stake in International Business Machines by 90.4% in the 4th quarter. KBC Group NV now owns 1,687,253 shares of the technology company's stock valued at $370,909,000 after buying an additional 800,930 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in International Business Machines by 23,311.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 697,182 shares of the technology company's stock worth $153,262,000 after purchasing an additional 694,204 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in shares of International Business Machines by 39,801.6% during the 4th quarter. Proficio Capital Partners LLC now owns 590,543 shares of the technology company's stock worth $129,819,000 after purchasing an additional 589,063 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors.

International Business Machines Stock Down 0.7 %

Shares of International Business Machines stock traded down $1.81 during trading hours on Wednesday, hitting $251.40. The company had a trading volume of 4,007,968 shares, compared to its average volume of 3,910,835. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.04 and a quick ratio of 1.00. International Business Machines Co. has a twelve month low of $162.62 and a twelve month high of $265.72. The company has a market cap of $233.11 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 5.81 and a beta of 0.74. The company's 50-day moving average is $240.04 and its two-hundred day moving average is $225.58.

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

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $6.68 annualized dividend and a yield of 2.66%. International Business Machines's dividend payout ratio is presently 104.21%.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $253.01, for a total transaction 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. The trade was a 37.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IBM shares. Morgan Stanley increased their target price on shares of International Business Machines from $217.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on International Business Machines from $260.00 to $280.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Jefferies Financial Group upped their price objective on shares of International Business Machines from $245.00 to $270.00 and gave the company a "hold" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, International Business Machines has a consensus rating of "Hold" and a consensus price target 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.