Keybank National Association OH Sells 1,890 Shares of International Business Machines Co. (NYSE:IBM)

Keybank National Association OH lessened its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,354 shares of the technology company's stock after selling 1,890 shares during the quarter. Keybank National Association OH's holdings in International Business Machines were worth $51,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JBR Co Financial Management Inc boosted its position in shares of International Business Machines by 0.6% during the 4th quarter. JBR Co Financial Management Inc now owns 6,390 shares of the technology company's stock worth $1,405,000 after purchasing an additional 40 shares in the last quarter. Schechter Investment Advisors LLC boosted its position in shares of International Business Machines by 0.7% during the 4th quarter. Schechter Investment Advisors LLC now owns 6,351 shares of the technology company's stock worth $1,396,000 after purchasing an additional 43 shares in the last quarter. Callan Capital LLC boosted its position in shares of International Business Machines by 2.4% during the 4th quarter. Callan Capital LLC now owns 1,870 shares of the technology company's stock worth $411,000 after purchasing an additional 44 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in International Business Machines by 0.4% in the 4th quarter. Marks Group Wealth Management Inc now owns 10,425 shares of the technology company's stock valued at $2,292,000 after acquiring an additional 45 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in International Business Machines by 1.5% in the 4th quarter. First Affirmative Financial Network now owns 3,123 shares of the technology company's stock valued at $687,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 58.96% of the company's stock.

Insider Activity

In other news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now directly owns 45,007 shares in the company, valued at approximately $11,387,221.07. This trade represents a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of International Business Machines from $233.00 to $244.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Wedbush began coverage on shares of International Business Machines in a research report on Monday, February 3rd. They set an "outperform" rating on the stock. StockNews.com lowered shares of International Business Machines from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th. Bank of America raised their price target on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Finally, Sanford C. Bernstein lifted their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, International Business Machines presently has an average rating of "Hold" and an average price target of $231.44.

International Business Machines Trading Up 1.1 %

Shares of NYSE IBM traded up $2.88 during trading hours on Tuesday, hitting $253.07. The company's stock had a trading volume of 5,340,963 shares, compared to its average volume of 3,918,347. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market cap of $234.66 billion, a price-to-earnings ratio of 39.48, a P/E/G ratio of 5.81 and a beta of 0.76. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $265.72. The business has a 50-day simple moving average of $239.50 and a 200-day simple moving average of $225.40.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $3.92 EPS for the quarter, topping 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%. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, February 10th will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, February 10th. This represents a $6.68 annualized dividend and a dividend yield of 2.64%. International Business Machines's payout ratio is 104.21%.

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.