Beacon Financial Group Has $1 Million Holdings in International Business Machines Corporation (IBM)

Beacon Financial Group raised its stake in International Business Machines Corporation (NYSE:IBM) by 40.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,917 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. Beacon Financial Group’s holdings in International Business Machines were worth $1,004,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its holdings in shares of International Business Machines by 70.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after purchasing an additional 267,588 shares during the last quarter. Grisanti Capital Management LLC grew its holdings in shares of International Business Machines by 2.0% during the first quarter. Grisanti Capital Management LLC now owns 1,027 shares of the technology company’s stock worth $179,000 after purchasing an additional 20 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of International Business Machines by 5.9% during the first quarter. Daiwa Securities Group Inc. now owns 53,060 shares of the technology company’s stock worth $9,240,000 after purchasing an additional 2,970 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of International Business Machines by 89.1% during the first quarter. Massmutual Trust Co. FSB ADV now owns 27,443 shares of the technology company’s stock worth $4,779,000 after purchasing an additional 12,928 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its holdings in shares of International Business Machines by 7.9% during the first quarter. Checchi Capital Advisers LLC now owns 13,052 shares of the technology company’s stock worth $2,273,000 after purchasing an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 57.26% of the company’s stock.

International Business Machines Corporation (NYSE:IBM) opened at $152.50 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.36 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $141,183.13, a PE ratio of 11.16, a P/E/G ratio of 2.23 and a beta of 0.94. International Business Machines Corporation has a fifty-two week low of $139.13 and a fifty-two week high of $182.79.

International Business Machines (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.02. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company earned $3.29 earnings per share. analysts anticipate that International Business Machines Corporation will post 13.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, December 9th. Investors of record on Friday, November 10th were issued a dividend of $1.50 per share. The ex-dividend date was Thursday, November 9th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.93%. International Business Machines’s payout ratio is presently 50.13%.

Several equities analysts have recently issued reports on the company. UBS reaffirmed a “hold” rating and set a $152.00 price target on shares of International Business Machines in a research note on Tuesday, September 5th. Vetr raised International Business Machines from a “buy” rating to a “strong-buy” rating and set a $165.26 price target on the stock in a research note on Wednesday, November 15th. BidaskClub raised International Business Machines from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 price target on shares of International Business Machines in a research note on Wednesday, August 23rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Business Machines in a research note on Friday, November 3rd. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the stock. International Business Machines presently has an average rating of “Hold” and a consensus price target of $159.24.

COPYRIGHT VIOLATION WARNING: “Beacon Financial Group Has $1 Million Holdings in International Business Machines Corporation (IBM)” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://sportsperspectives.com/2017/12/17/beacon-financial-group-has-1-million-holdings-in-international-business-machines-corporation-ibm.html.

About International Business Machines

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply