Legal & General Group Plc Invests $1.87 Billion in International Business Machines Corporation $IBM

Legal & General Group Plc purchased a new stake in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,666,667 shares of the technology company’s stock, valued at approximately $1,874,733,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in International Business Machines during the 2nd quarter worth approximately $176,336,000. Jones Financial Companies Lllp acquired a new stake in International Business Machines in the second quarter valued at approximately $4,471,000. Trajan Wealth LLC acquired a new stake in International Business Machines in the second quarter valued at approximately $8,112,000. Van Hulzen Asset Management LLC bought a new stake in shares of International Business Machines during the second quarter worth $31,689,000. Finally, Veratis Advisors Inc. bought a new stake in shares of International Business Machines during the second quarter worth $617,000. 58.96% of the stock is owned by institutional investors.

International Business Machines Trading Down 1.2%

Shares of IBM stock opened at $232.02 on Wednesday. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. The stock has a market cap of $218.59 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 2.24 and a beta of 0.71. The stock has a 50-day moving average of $239.81 and a 200-day moving average of $246.65.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting analysts’ consensus estimates of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities research analysts forecast that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be given a $1.69 dividend. The ex-dividend date is Monday, August 10th. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. International Business Machines’s payout ratio is 59.98%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. Royal Bank Of Canada reiterated an “outperform” rating and issued a $270.00 price target on shares of International Business Machines in a research note on Tuesday, July 21st. KeyCorp lowered International Business Machines to a “sector weight” rating in a research report on Tuesday, June 23rd. Morgan Stanley lowered their target price on International Business Machines from $293.00 to $190.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Needham & Company LLC assumed coverage on International Business Machines in a research report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $265.90.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM, Cleveland Clinic and Japan’s RIKEN advanced to the finals for the 2026 ACM Gordon Bell Prize after using quantum and classical computing to model a 12,635-atom protein. The achievement highlights IBM’s potential in quantum-centric supercomputing and life-sciences research. Cleveland Clinic, RIKEN and IBM Team Advance to Finals for 2026 ACM Gordon Bell Prize
• Positive Sentiment: An Evercore ISI analyst argued that IBM’s quantum-computing initiatives are effectively being valued at little or nothing in the current stock price, suggesting potential upside if the technology advances commercially. Is IBM’s selloff an opportunity? Here’s one case for the beaten-down stock.
• Neutral Sentiment: IBM shares were reported slightly higher ahead of the latest session, but the update offered no new fundamental catalyst. A separate comparison of IBM and Applied Digital focused on financial metrics rather than a specific IBM business development. IBM stock heads into the open after a 0.08 percent gain
• Negative Sentiment: The main pressure remains concern over a slowdown in IBM Z product activity. The resulting selloff prompted a securities-law investigation announcement, reinforcing investor worries about demand and execution in IBM’s core infrastructure business. IBM Shares Fall Following IBM Z Product Slowdown
• Negative Sentiment: Evercore warned that capital moving into anticipated AI initial public offerings could lead investors to sell existing holdings, placing IBM among stocks vulnerable to portfolio rotation. Evercore Warns AI IPOs Could Pressure IBM

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company’s stock, valued at approximately $11,009,296. This represents a 34.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

International Business Machines Company Profile

International Business Machines Corporation (IBM) is a global technology and consulting company that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.