CHICAGO TRUST Co NA Has $3.41 Million Position in International Business Machines Corporation $IBM

CHICAGO TRUST Co NA increased its stake in International Business Machines Corporation (NYSE:IBM) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,576 shares of the technology company’s stock after purchasing an additional 1,687 shares during the quarter. CHICAGO TRUST Co NA’s holdings in International Business Machines were worth $3,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new position in shares of International Business Machines during the first quarter worth approximately $27,000. SSA Swiss Advisors AG acquired a new position in shares of International Business Machines during the first quarter worth approximately $28,000. Dagco Inc. acquired a new position in shares of International Business Machines during the first quarter worth approximately $31,000. Silicon Valley Capital Partners lifted its holdings in shares of International Business Machines by 322.6% during 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 during the last quarter. Finally, Compass Financial Services Inc lifted its holdings in shares of International Business Machines by 41.5% during the first quarter. Compass Financial Services Inc now owns 167 shares of the technology company’s stock worth $42,000 after buying an additional 49 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on IBM shares. Sanford C. Bernstein started coverage on International Business Machines in a report on Monday, September 15th. They set a “market perform” rating and a $280.00 price target for the company. UBS Group boosted their price objective on International Business Machines from $195.00 to $200.00 and gave the company a “sell” rating in a research report on Thursday, July 24th. Wedbush boosted their price objective on International Business Machines from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, June 20th. Stifel Nicolaus boosted their price objective on International Business Machines from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Finally, Melius Research upgraded International Business Machines to a “strong-buy” rating in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $275.00.

International Business Machines Stock Up 2.1%

Shares of International Business Machines stock opened at $271.87 on Tuesday. International Business Machines Corporation has a 1 year low of $203.51 and a 1 year high of $296.16. The business has a 50-day moving average of $254.58 and a two-hundred day moving average of $257.38. The company has a market capitalization of $252.67 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.71. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.91 and a quick ratio of 0.87.

International Business Machines (NYSE:IBM) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.15. International Business Machines had a return on equity of 37.62% and a net margin of 9.11%.The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. International Business Machines has set its FY 2025 guidance at EPS. As a group, equities analysts predict that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 8th were issued a $1.68 dividend. This represents a $6.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, August 8th. International Business Machines’s dividend payout ratio is 109.09%.

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.