AlTi Global Inc. Acquires 1,197 Shares of International Business Machines Corporation $IBM

AlTi Global Inc. grew its holdings in International Business Machines Corporation (NYSE:IBM) by 72.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,853 shares of the technology company’s stock after acquiring an additional 1,197 shares during the quarter. AlTi Global Inc.’s holdings in International Business Machines were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group boosted its position in shares of International Business Machines by 32.7% in the first quarter. Brooklyn Investment Group now owns 6,622 shares of the technology company’s stock valued at $1,647,000 after acquiring an additional 1,630 shares during the period. Edgar Lomax Co. VA boosted its position in shares of International Business Machines by 5.7% in the first quarter. Edgar Lomax Co. VA now owns 235,967 shares of the technology company’s stock valued at $58,676,000 after acquiring an additional 12,690 shares during the period. Left Brain Wealth Management LLC boosted its position in shares of International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company’s stock valued at $4,392,000 after acquiring an additional 16,592 shares during the period. Alpha Cubed Investments LLC boosted its position in shares of International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company’s stock valued at $1,867,000 after acquiring an additional 2,399 shares during the period. Finally, Wedbush Securities Inc. boosted its position in shares of International Business Machines by 5.6% in the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company’s stock valued at $15,434,000 after acquiring an additional 3,276 shares during the period. 58.96% of the stock is owned by institutional investors.

International Business Machines Stock Performance

International Business Machines stock opened at $307.78 on Friday. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.87. The stock has a fifty day moving average price of $266.21 and a two-hundred day moving average price of $263.57. International Business Machines Corporation has a 52-week low of $203.51 and a 52-week high of $310.75. The firm has a market capitalization of $286.05 billion, a P/E ratio of 36.82, a P/E/G ratio of 4.35 and a beta of 0.73.

International Business Machines (NYSE:IBM) last released its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.20. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.The firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same period in the prior year, the company posted $2.30 earnings per share. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Monday, November 10th will be paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio is currently 109.09%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IBM shares. UBS Group increased their price objective on International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research report on Thursday. BMO Capital Markets upped their target price on International Business Machines from $300.00 to $305.00 and gave the company a “market perform” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on International Business Machines from $270.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada cut their target price on International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of International Business Machines in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $288.00.

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.