Fifth Third Bancorp Has $106.31 Million Stock Holdings in International Business Machines Corporation $IBM

Fifth Third Bancorp increased its position in International Business Machines Corporation (NYSE:IBM) by 179.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 438,597 shares of the technology company’s stock after purchasing an additional 281,475 shares during the quarter. Fifth Third Bancorp’s holdings in International Business Machines were worth $106,311,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IBM. Family CFO Inc acquired a new stake in shares of International Business Machines during the fourth quarter worth $25,000. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines during the fourth quarter worth $25,000. Portus Wealth Advisors LLC bought a new stake in International Business Machines in the 1st quarter valued at approximately $26,000. Joseph Group Capital Management acquired a new position in shares of International Business Machines during the 4th quarter worth about $28,000. Finally, Cornerstone Financial Management LLC bought a new position in International Business Machines in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Susquehanna started coverage on shares of International Business Machines in a research report on Friday. They issued a “neutral” rating and a $303.00 price objective for the company. Bank of America raised their price target on International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a report on Monday, July 6th. JPMorgan Chase & Co. raised shares of International Business Machines from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $270.00 to $291.00 in a research report on Tuesday, June 23rd. BMO Capital Markets dropped their price objective on shares of International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Finally, Wolfe Research cut shares of International Business Machines to a “peer perform” rating in a research note on Tuesday, June 23rd. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $306.28.

International Business Machines Price Performance

NYSE:IBM traded down $7.45 during trading hours on Friday, reaching $287.85. 3,633,419 shares of the company were exchanged, compared to its average volume of 7,627,529. The company has a market capitalization of $270.55 billion, a P/E ratio of 25.45, a P/E/G ratio of 2.78 and a beta of 0.68. International Business Machines Corporation has a 1-year low of $212.34 and a 1-year high of $332.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76. The business has a 50 day moving average of $263.77 and a 200 day moving average of $266.17.

International Business Machines (NYSE:IBM) last posted its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.International Business Machines’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share. Research analysts forecast that International Business Machines Corporation will post 12.45 EPS for the current year.

International Business Machines Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 8th were paid a $1.69 dividend. This represents a $6.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, May 8th. This is a positive change from International Business Machines’s previous quarterly dividend of $1.68. International Business Machines’s dividend payout ratio is 59.77%.

More International Business Machines News

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

• Positive Sentiment: IBM continues to get credit for growth in quantum computing and AI, including new enterprise software tools and multi-agent capabilities that could support future revenue. IBM Advances Enterprise AI Software Development with Multi-Agent Capabilities and Specialized Modernization Workflows
• Positive Sentiment: The stock still has implied upside to Susquehanna’s target, suggesting analysts see value if IBM can convert its AI and quantum strengths into stronger earnings growth. Susquehanna coverage note
• Neutral Sentiment: IBM’s latest product updates for its Bob platform and other AI tools reinforce its enterprise strategy, but these launches are not yet enough to change the near-term investment view. IBM Upgrades Bob With Multi-Agent AI
• Negative Sentiment: Starbucks’ move to build internal AI tools to replace Microsoft and IBM software highlights a potential risk to IBM’s enterprise software revenue if other large customers follow suit. There Are So Many Reasons to Like IBM Right Now—Just Not Enough to Buy the Stock
• Negative Sentiment: Analysts remain cautious heading into IBM’s upcoming Q2 earnings, with concerns that AI could pressure parts of the consulting and mainframe business even as newer growth areas expand. Susquehanna Praises IBM’s Quantum and AI Growth but Rates the Stock a Hold – Here’s Why

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.