International Business Machines Corporation $IBM Stock: GRIMES & Co WEALTH MANAGEMENT LLC Trims Position

Posted by Francis Steltz on Nov 4th, 2026

GRIMES & Co WEALTH MANAGEMENT LLC lowered its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 19.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,840 shares of the technology company’s stock after selling 4,168 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in International Business Machines were worth $3,704,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in shares of International Business Machines by 24.8% in the 1st quarter. Assetmark Inc. now owns 64,458 shares of the technology company’s stock worth $15,624,000 after purchasing an additional 12,791 shares during the period. Flputnam Investment Management Co. acquired a new position in shares of International Business Machines in the 2nd quarter valued at about $15,237,000. Beacon Investment Advisory Services Inc. lifted its stake in shares of International Business Machines by 939.4% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 30,495 shares of the technology company’s stock valued at $8,575,000 after purchasing an additional 27,561 shares in the last quarter. St. Louis Financial Planners Asset Management LLC grew its holdings in shares of International Business Machines by 34.6% during the 2nd quarter. St. Louis Financial Planners Asset Management LLC now owns 14,234 shares of the technology company’s stock worth $4,121,000 after purchasing an additional 3,659 shares during the period. Finally, Evercore Wealth Management LLC grew its holdings in shares of International Business Machines by 9.0% during the 1st quarter. Evercore Wealth Management LLC now owns 62,801 shares of the technology company’s stock worth $15,222,000 after purchasing an additional 5,196 shares during the period. Hedge funds and other institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1%

NYSE IBM opened at $249.83 on Wednesday. The stock has a market cap of $236.12 billion, a PE ratio of 20.51, a P/E/G ratio of 2.49 and a beta of 0.78. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The business has a 50 day moving average price of $235.88 and a two-hundred day moving average price of $249.39. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM – Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The technology company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The company had revenue of $17.10 billion for the quarter, compared to analyst estimates of $16.82 billion. During the same quarter last year, the firm posted $2.65 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that International Business Machines Corporation will post 12.41 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Tuesday, November 10th will be issued a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 10th. International Business Machines’s dividend payout ratio (DPR) is presently 57.63%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IBM shares. The Goldman Sachs Group reissued a “buy” rating and set a $300.00 target price on shares of International Business Machines in a research report on Thursday, October 22nd. Oppenheimer cut shares of International Business Machines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Evercore decreased their price objective on shares of International Business Machines from $310.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Stifel Nicolaus increased their price objective on shares of International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. Finally, BMO Capital Markets raised their target price on shares of International Business Machines from $230.00 to $265.00 and gave the company a “market perform” rating in a research note on Thursday, October 22nd. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.12.

Check Out Our Latest Report on International Business Machines

Insiders Place Their Bets

In related news, SVP Robert Thomas sold 25,000 shares of International Business Machines stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. The trade was a 34.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

International Business Machines Profile

(Free Report)

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.