Greystone Financial Group LLC Buys 1,940 Shares of International Business Machines Co. (NYSE:IBM)

Greystone Financial Group LLC boosted its stake in shares of International Business Machines Co. (NYSE:IBM) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,227 shares of the technology company’s stock after purchasing an additional 1,940 shares during the quarter. International Business Machines comprises 1.7% of Greystone Financial Group LLC’s portfolio, making the stock its 23rd largest holding. Greystone Financial Group LLC’s holdings in International Business Machines were worth $9,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Drum Hill Capital LLC bought a new position in shares of International Business Machines in the fourth quarter worth about $931,000. Dahring Cusmano LLC acquired a new stake in International Business Machines in the 4th quarter valued at approximately $374,000. Capital Advisory Group Advisory Services LLC increased its position in International Business Machines by 8.4% in the 4th quarter. Capital Advisory Group Advisory Services LLC now owns 10,106 shares of the technology company’s stock worth $2,222,000 after buying an additional 780 shares during the period. Bradley Foster & Sargent Inc. CT boosted its position in shares of International Business Machines by 3.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 91,274 shares of the technology company’s stock valued at $20,065,000 after acquiring an additional 2,955 shares during the period. Finally, Physicians Financial Services Inc. grew its stake in shares of International Business Machines by 1.0% in the fourth quarter. Physicians Financial Services Inc. now owns 10,458 shares of the technology company’s stock worth $2,299,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 58.96% of the company’s stock.

International Business Machines Stock Down 1.1 %

Shares of NYSE IBM opened at $261.77 on Friday. International Business Machines Co. has a 52-week low of $162.62 and a 52-week high of $265.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The business has a fifty day moving average of $235.27 and a two-hundred day moving average of $221.81. The stock has a market cap of $242.05 billion, a PE ratio of 40.84, a PEG ratio of 5.80 and a beta of 0.76.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. As a group, equities research analysts expect that International Business Machines Co. will post 10.77 earnings per share for the current fiscal year.

International Business Machines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, February 10th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, February 10th. International Business Machines’s dividend payout ratio is currently 104.21%.

Wall Street Analysts Forecast Growth

IBM has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of International Business Machines from $260.00 to $280.00 and gave the company a “market perform” rating in a report on Thursday, January 30th. Jefferies Financial Group increased their target price on shares of International Business Machines from $245.00 to $270.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. UBS Group boosted their price target on International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research note on Tuesday, January 14th. Bank of America raised their price objective on International Business Machines from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. boosted their price objective on International Business Machines from $233.00 to $244.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $231.44.

International Business Machines Company 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.