International Business Machs (IBM) Shareholder Ing Groep Nv Decreased Stake by $15.11 Million as Shares Declined

June 27, 2018 - By Joshua Cleveland

During 2018 Q1 the big money sentiment increased to 1.11. That’s change of 0.08, from 2017Q4’s 1.03. 60 investors sold all, 560 reduced holdings as IBM ratio is positive. 570 increased positions while 117 funds amassed positions. Funds hold 501.15 million shares thus 0.58% less from 2017Q4’s 504.07 million shares. Ruggie Cap Group Inc has 0.14% invested in International Business Machines Corporation (NYSE:IBM) for 1,715 shs. Moreover, Horizon Investments Ltd Liability has 0.09% invested in International Business Machines Corporation (NYSE:IBM) for 13,089 shs. Mitchell Mcleod Pugh And Williams invested in 0.68% or 6,219 shs. Utah Retirement has invested 0.51% of its capital in International Business Machines Corporation (NYSE:IBM). Bokf Na has 0.32% invested in International Business Machines Corporation (NYSE:IBM). Quinn Opportunity Prtnrs Ltd Liability Co stated it has 29,700 shs or 0.59% of all its holdings. Glenmede Trust Com Na reported 393,410 shs. Jarislowsky Fraser holds 0.05% or 54,497 shs. Lincoln owns 14,010 shs or 0.08% of their US capital. 28,227 were accumulated by Sterneck Capital Management Ltd Company. Field Main Bank has invested 0.22% in International Business Machines Corporation (NYSE:IBM). Hgk Asset Management Inc has invested 2.07% in International Business Machines Corporation (NYSE:IBM). Iberiabank Corp reported 1,766 shs. Credit Suisse Ag reported 1.93 million shs. Assetmark has invested 0% in International Business Machines Corporation (NYSE:IBM).

IBM registered $2.69 million net activity with 1 buying transaction and 2 sales since January 31, 2018. Another trade for 5,000 shs valued at $780,000 was sold by Gherson Diane J. Clementi Erich had sold 13,000 shs worth $2.01 million.

Ing Groep Nv reduced its stake by 32.3% in International Business Machs (IBM), according to 2018Q1 Securities and Exchange filling. The company’s stock sank 9.42% while Ing Groep Nv sold 98,730 shares. The institutional investor is holding 206,902 shares, compared to the 305,632 from the previous quarter. And the reported value of the computer manufacturing company is $31.75M for the 2018Q1. $127.64B is the MC of International Business Machs. The stock decreased 0.02% or $0.03 during the last trading session, reaching $139.05.International Business Machines Corporation has volume of 1.15M shares. Since June 27, 2017 IBM has declined 6.24% and is downtrending. The stock underperformed the S&P 500 by 18.81%.

Ing Groep Nv manages about $5.88B and $5.52 billion US Long portfolio. According to a filing the fund upped its stake in Exxon Mobil Corp (NYSE:XOM) by 311,241 shares to 934,707 shares, valued at $69.74M in 2018Q1. Ing Groep Nv has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ) and also increased its holding in Johnson & Johnson (NYSE:JNJ) by 515,503 shares in the quarter, for a total of 853,313 shares.

On July, 17. Investors wait International Business Machines Corporation (NYSE:IBM) to report its quarterly earnings, as reported by Faxor. Last year’s earnings per share was $2.97, while now analysts expect change of 2.02 % up from current $3.03 earnings per share. IBM’s profit could be $2.78 billion if the current earnings per share of $3.03 is accurate. Wall Street now forecasts 23.67 % EPS growth despite International Business Machines Corporation last quarter’s EPS of $2.45.

For more International Business Machines Corporation (NYSE:IBM) news announced recently go to: Seekingalpha.com, Fool.com, Prnewswire.com, Seekingalpha.com or Benzinga.com. The titles are as follows: “IBM: A Long Work-In-Progress” announced on June 14, 2018, “3 Dividend Stocks That Pay You More Than IBM Does” on June 07, 2018, “IBM Watson Health Showcases Health Technology Advancements at American Diabetes Association’s 78th Scientific …” with a publish date: June 26, 2018, “IBM: Available At A Discount To Pessimism” and the last “SMC3: Blockchain Panelists Talk Current Use Cases, Regulation, And Crypto” with publication date: June 26, 2018.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

In total 12 analysts cover IBM (NYSE:IBM). “Buy” rating has 6, “Sell” are 2, while 4 are “Hold”. 50% are bullish. With $200.0 highest and $125.0 lowest target IBM has $168.67 average target or 21.30% above the current ($139.05) price. 18 are the (NYSE:IBM)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Friday, March 9 the rating was maintained by Stifel Nicolaus with “Buy”. The company rating was maintained by RBC Capital Markets on Tuesday, April 17. On Friday, January 19 Stifel Nicolaus maintained the shares of IBM in report with “Buy” rating. On Wednesday, March 21 Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating. Morgan Stanley has “Buy” rating and $198.0 target. On Friday, January 19 the stock of International Business Machines Corporation (NYSE:IBM) has “Sell” rating given by Berenberg. On Wednesday, January 17 the company was upgraded by Barclays Capital. The stock rating was maintained by J.P. Morgan with “Hold” on Friday, January 19. On Wednesday, January 3 the firm has “Outperform” rating given by RBC Capital Markets. On Friday, January 19 the firm has “Sell” rating by Societe Generale given. On Friday, January 19 RBC Capital Markets maintained the shares of IBM in report with “Buy” rating.

International Business Machines Corporation (NYSE:IBM) Institutional Investors Chart

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