CHICAGO TRUST Co NA Boosts Stock Holdings in International Business Machines Co. (NYSE:IBM)

CHICAGO TRUST Co NA grew its stake in shares of International Business Machines Co. (NYSE:IBM) by 5.4% during the third quarter, Holdings Channel reports. The institutional investor owned 11,201 shares of the technology company’s stock after purchasing an additional 576 shares during the quarter. CHICAGO TRUST Co NA’s holdings in International Business Machines were worth $2,476,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IBM. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the 1st quarter worth approximately $26,000. ESL Trust Services LLC purchased a new position in shares of International Business Machines in the first quarter worth $28,000. Creekmur Asset Management LLC bought a new stake in International Business Machines during the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in International Business Machines during the 4th quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of International Business Machines in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI boosted their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, September 11th. UBS Group upped their target price on International Business Machines from $130.00 to $145.00 and gave the company a “sell” rating in a report on Wednesday, September 4th. StockNews.com raised International Business Machines from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th. BMO Capital Markets boosted their price objective on shares of International Business Machines from $190.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Finally, Bernstein Bank lifted their target price on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $198.41.

International Business Machines Price Performance

Shares of NYSE IBM opened at $233.26 on Friday. The firm has a market cap of $214.27 billion, a P/E ratio of 26.42, a PEG ratio of 5.21 and a beta of 0.70. International Business Machines Co. has a twelve month low of $135.87 and a twelve month high of $235.83. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a 50 day moving average of $207.67 and a 200 day moving average of $187.64.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The firm had revenue of $15.77 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that International Business Machines Co. will post 10.1 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. The ex-dividend date was Friday, August 9th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.86%. International Business Machines’s dividend payout ratio is presently 75.65%.

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.