KBC Group NV Buys 800,930 Shares of International Business Machines Co. (NYSE:IBM)

KBC Group NV lifted its position in shares of International Business Machines Co. (NYSE:IBM) by 90.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,687,253 shares of the technology company’s stock after buying an additional 800,930 shares during the quarter. International Business Machines comprises about 1.0% of KBC Group NV’s holdings, making the stock its 14th largest position. KBC Group NV’s holdings in International Business Machines were worth $370,909,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new position in shares of International Business Machines in the 4th quarter valued at about $2,303,000. Apexium Financial LP lifted its position in shares of International Business Machines by 95.8% during the 4th quarter. Apexium Financial LP now owns 8,771 shares of the technology company’s stock valued at $1,928,000 after acquiring an additional 4,292 shares during the period. Capital Asset Advisory Services LLC increased its holdings in International Business Machines by 6.0% during the 4th quarter. Capital Asset Advisory Services LLC now owns 8,517 shares of the technology company’s stock worth $1,896,000 after purchasing an additional 484 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of International Business Machines by 26.7% in the fourth quarter. Blue Trust Inc. now owns 23,174 shares of the technology company’s stock valued at $5,123,000 after purchasing an additional 4,885 shares in the last quarter. Finally, PFG Investments LLC boosted its position in shares of International Business Machines by 1.1% during the fourth quarter. PFG Investments LLC now owns 45,442 shares of the technology company’s stock valued at $9,792,000 after buying an additional 493 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research note on Thursday. UBS Group raised their price target on shares of International Business Machines from $150.00 to $160.00 and gave the company a “sell” rating in a research report on Tuesday, January 14th. Stifel Nicolaus upped their price objective on shares of International Business Machines from $205.00 to $246.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $250.00 target price on shares of International Business Machines in a research note on Thursday, October 24th. Finally, Morgan Stanley increased their price target on International Business Machines from $208.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $220.73.

International Business Machines Trading Down 0.6 %

Shares of International Business Machines stock opened at $224.69 on Monday. The company’s 50-day moving average price is $224.33 and its 200-day moving average price is $212.57. The company has a market cap of $207.75 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 4.78 and a beta of 0.74. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Tuesday, November 12th were issued a $1.67 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $6.68 annualized dividend and a dividend yield of 2.97%. International Business Machines’s payout ratio is currently 97.23%.

Insiders Place Their Bets

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the completion of the sale, the senior vice president now owns 25,390 shares of the company’s stock, valued at $5,463,928. This represents a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.07% of the company’s stock.

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.