Ing Groep Nv Stake in International Business Machs (IBM) Decreased as Shares Declined

June 27, 2018 - By Susanne Funderburg

During Q1 2018 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 bought positions. Funds hold 501.15 million shares thus 0.58% less from 2017Q4’s 504.07 million shares. Strategic Advsr Llc owns 2,282 shs. Bridgewater Associates LP has 0.04% invested in International Business Machines Corporation (NYSE:IBM). Alps Advisors holds 0.38% in International Business Machines Corporation (NYSE:IBM) or 309,198 shs. Armstrong Shaw Associates Ct stated it has 3,400 shs. Envestnet Asset Management Incorporated reported 36,115 shs or 0.02% of all its holdings. Union Bank & Trust holds 0.24% or 5,165 shs. Nichols & Pratt Advisers Limited Liability Partnership Ma invested in 0.13% or 9,528 shs. Shelter Retirement Plan has invested 3.24% in International Business Machines Corporation (NYSE:IBM). 1832 Asset LP accumulated 1,900 shs or 0% of the stock. Bollard Group Inc Llc reported 1,358 shs or 0.01% of all its holdings. Cim Investment Mangement Incorporated has invested 0.78% of its capital in International Business Machines Corporation (NYSE:IBM). Moreover, Marathon Cap Management has 0.89% invested in International Business Machines Corporation (NYSE:IBM) for 14,802 shs. First Citizens Bancorporation And Tru has 0.38% invested in International Business Machines Corporation (NYSE:IBM). Quinn Opportunity Prtn Ltd Liability Corp owns 0.59% invested in International Business Machines Corporation (NYSE:IBM) for 29,700 shs. Alpine Woods Capital Investors Ltd Liability Co owns 7,073 shs.

IBM registered $2.69 million net activity with 1 insider buy and 2 selling transactions since January 31, 2018. Clementi Erich had sold 13,000 shs worth $2.01M on Friday, February 23. 610 shs were bought by WADDELL FREDERICK H, worth $99,659.

Based on the latest 2018Q1 regulatory filing with the SEC, Ing Groep Nv decreased its stake in International Business Machs (IBM) by 32.3%. By selling 98,730 shares Ing Groep Nv made the stock sank with 9.42%. The institutional investor is holding 206,902 shares, compared to the 305,632 from the previous quarter. And the announced value of the computer manufacturing company is $31.75 million for the 2018Q1. $127.64 billion is the market cap of International Business Machs. IBM hit $139.05 during the last trading session after $0.03 change.Currently International Business Machines Corporation is downtrending after 6.24% change in last June 27, 2017. IBM has also 1.15 million shares volume. The stock underperformed the S&P500 by 18.81%.

Ing Groep Nv increased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 79,735 shares to 1.53 million shares, valued at $65.57M in 2018Q1, according to the filing. It manages about $5.88B and $5.52 billion US Long portfolio. Ing Groep Nv has risen its stake in Pepsico Inc (NYSE:PEP) and also increased its holding in Citigroup Inc (NYSE:C) by 209,748 shares in the quarter, for a total of 282,632 shares.

Earnings report for International Business Machines Corporation (NYSE:IBM) is expected on July, 17., according to Zacks. Analysts expect change of 2.02 % or $0.06 from previous year’s $2.97 earnings per share compared to current’s $3.03 earnings per share. If earnings per share of $3.03 is reported the profit of IBM could reach $2.78B giving it 11.47 P/E. Last quarter $2.45 earnings per share was reported. Analysts predicts 23.67 % EPS growth this quarter.

For more International Business Machines Corporation (NYSE:IBM) news brought out briefly go to: Fool.com, Seekingalpha.com, Prnewswire.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Should You Buy Red Hat After Its Post-Earnings Plunge?” brought out on June 24, 2018, “IBM: Unimpressive And Overpriced” on June 05, 2018, “IBM Watson Health Showcases Health Technology Advancements at American Diabetes Association’s 78th Scientific …” with a publish date: June 26, 2018, “IBM: Not Worth It” and the last “Mass layoffs at IBM Watson Health?” with publication date: May 31, 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 PT IBM has $168.67 average PT 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, January 19 Societe Generale maintained International Business Machines Corporation (NYSE:IBM) rating. Societe Generale has “Sell” rating and $149.0 target. On Wednesday, April 18 the company was maintained by Stifel Nicolaus. On Thursday, January 18 the firm earned “Buy” rating by GBH Insights. On Wednesday, March 21 the rating was maintained by Morgan Stanley with “Buy”. On Wednesday, January 3 the stock of International Business Machines Corporation (NYSE:IBM) earned “Outperform” rating by RBC Capital Markets. On Wednesday, April 18 the firm earned “Hold” rating by J.P. Morgan. On Thursday, January 18 Bank of America maintained International Business Machines Corporation (NYSE:IBM) with “Buy” rating. In Thursday, January 18 report Wedbush maintained it with “Hold” rating and $185.0 target. On Friday, January 19 the rating was maintained by Stifel Nicolaus with “Buy”. In Tuesday, April 17 report RBC Capital Markets maintained the stock with “Buy” rating.

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

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