AMG National Trust Bank Has $5.25 Million Holdings in International Business Machines Corporation $IBM

AMG National Trust Bank grew its stake in shares of International Business Machines Corporation (NYSE:IBM) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,819 shares of the technology company’s stock after acquiring an additional 191 shares during the period. AMG National Trust Bank’s holdings in International Business Machines were worth $5,253,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBM. Brighton Jones LLC increased its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares during the period. Private Trust Co. NA increased its position in International Business Machines by 28.0% during the first quarter. Private Trust Co. NA now owns 16,660 shares of the technology company’s stock worth $4,143,000 after acquiring an additional 3,640 shares during the period. Novem Group increased its position in International Business Machines by 7.3% during the first quarter. Novem Group now owns 6,737 shares of the technology company’s stock worth $1,675,000 after acquiring an additional 461 shares during the period. Strategic Financial Concepts LLC increased its position in International Business Machines by 150.5% during the first quarter. Strategic Financial Concepts LLC now owns 9,375 shares of the technology company’s stock worth $2,331,000 after acquiring an additional 5,632 shares during the period. Finally, Revisor Wealth Management LLC raised its position in shares of International Business Machines by 176.1% in the first quarter. Revisor Wealth Management LLC now owns 3,747 shares of the technology company’s stock valued at $931,000 after buying an additional 2,390 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Royal Bank Of Canada dropped their price target on shares of International Business Machines from $315.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, October 23rd. Morgan Stanley dropped their price target on shares of International Business Machines from $256.00 to $252.00 and set an “equal weight” rating for the company in a research report on Thursday, October 23rd. Erste Group Bank downgraded shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Business Machines from $244.00 to $290.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Business Machines presently has an average rating of “Moderate Buy” and a consensus price target of $288.00.

International Business Machines Stock Performance

Shares of NYSE:IBM opened at $310.03 on Friday. The company’s 50 day simple moving average is $271.85 and its 200 day simple moving average is $266.01. The stock has a market capitalization of $289.79 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth ratio of 4.33 and a beta of 0.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $319.35.

International Business Machines (NYSE:IBM) last announced its quarterly earnings data on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The business had revenue of $16.33 billion for the quarter, compared to analysts’ expectations of $16.10 billion. During the same period last year, the firm posted $2.30 earnings per share. The firm’s quarterly revenue 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, research analysts predict that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Monday, November 10th will be paid a $1.68 dividend. This represents a $6.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 80.38%.

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.