Sumitomo Mitsui Financial Group Inc. Raises Stake in International Business Machines Corporation $IBM

Sumitomo Mitsui Financial Group Inc. lifted its position in International Business Machines Corporation (NYSE:IBM) by 56.1% in the second quarter, HoldingsChannel.com reports. The firm owned 1,030 shares of the technology company’s stock after purchasing an additional 370 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in International Business Machines were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Family CFO Inc purchased a new position in shares of International Business Machines in the second quarter valued at about $25,000. Winnow Wealth LLC bought a new position in International Business Machines in the 2nd quarter worth approximately $27,000. SSA Swiss Advisors AG purchased a new stake in International Business Machines during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new stake in shares of International Business Machines during the first quarter valued at approximately $31,000. Finally, Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% in the first quarter. Silicon Valley Capital Partners now owns 131 shares of the technology company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IBM shares. UBS Group raised their target price on shares of International Business Machines from $200.00 to $210.00 and gave the company a “sell” rating in a research note on Thursday, October 23rd. Oppenheimer initiated coverage on shares of International Business Machines in a report on Friday, November 21st. They set an “outperform” rating and a $360.00 price objective for the company. Sanford C. Bernstein began coverage on International Business Machines in a report on Monday, September 15th. They issued a “market perform” rating and a $280.00 target price on the stock. Jefferies Financial Group increased their price target on International Business Machines from $280.00 to $305.00 and gave the company a “hold” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings raised International Business Machines from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $291.08.

International Business Machines Stock Down 0.3%

Shares of NYSE:IBM opened at $303.66 on Thursday. The firm has a market capitalization of $283.84 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.33 and a beta of 0.71. The business has a 50 day simple moving average of $292.35 and a two-hundred day simple moving average of $274.33. International Business Machines Corporation has a 1 year low of $214.50 and a 1 year high of $324.90. 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 (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.20. The firm had revenue of $16.33 billion during the quarter, compared to analyst estimates of $16.10 billion. International Business Machines had a return on equity of 37.76% and a net margin of 12.09%.International Business Machines’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. International Business Machines has set its FY 2025 guidance at EPS. On average, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

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

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.