Citizens Business Bank increased its holdings in International Business Machines (IBM) by 11.5% during the first quarter, owning 2,092 shares worth $399,000 at the end of the quarter. Various other institutional investors made modifications to their IBM holdings, with some acquiring new stakes in the technology company. Analysts have published reports on IBM, with varying ratings and price targets, leading to an average rating of “Hold” and a consensus price target of $182.53.
IBM’s stock performance on the New York Stock Exchange has been fluctuating, opening at $172.95 on Monday. The company’s financials show a 12-month low of $131.55 and a high of $199.18, with a market cap of $158.87 billion. IBM last reported its quarterly earnings on April 30th, beating estimates with an EPS of $1.68 and revenues of $14.46 billion. Analysts predict a yearly EPS of 9.9 for IBM.
Investors in IBM received an increased quarterly dividend with an annualized yield of 3.86%. IBM operates worldwide in technology solutions and services through different segments like Software and Consulting. More information on IBM’s holdings and insider trading can be found at HoldingsChannel.com.
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https://www.defenseworld.net/2024/07/01/citizens-business-bank-acquires-216-shares-of-international-business-machines-co-nyseibm.html
