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

June 27, 2018 - By Joseph March

Big Money Sentiment increased to 1.11 in 2018 Q1. It has change of 0.08, from 2017Q4’s 1.03. The ratio improved due to IBM positioning: 60 sold and 560 reduced. 117 funds took stakes and 570 increased stakes. Investors holded 504.07 million in 2017Q4 but now own 501.15 million shares or 0.58% less. Carroll Fin Associates invested 0.16% in International Business Machines Corporation (NYSE:IBM). 29,700 were reported by Quinn Opportunity Ptnrs Ltd. Robeco Institutional Asset Mgmt Bv invested 0.28% in International Business Machines Corporation (NYSE:IBM). Rodgers Brothers holds 32,877 shs or 1.65% of its capital. Gofen Glossberg Llc Il holds 1.24% or 215,975 shs. Suntrust Banks Inc stated it has 337,582 shs or 0.34% of all its holdings. Brown Cap Management Llc holds 0% or 2,035 shs in its capital. Natl Bank Of America Corporation De holds 0.32% of its capital in International Business Machines Corporation (NYSE:IBM) for 12.31 million shs. Catalyst Cap Advisors invested in 0.02% or 4,041 shs. Needelman Asset reported 4.13% stake. Community National Bank & Trust Na accumulated 3.68% or 127,774 shs. 1.93 million were accumulated by Credit Suisse Ag. 342,100 are held by Swedbank. 15,365 were reported by First American National Bank. Marshall & Sullivan Wa has 1,563 shs.

IBM had 2 insider sales and 1 buy since January 31, 2018. This’s net activity of $2.69 million. On Friday, February 23 Shares for $2.01 million were sold by Clementi Erich. Another trade for 610 shs valued at $99,659 was made by WADDELL FREDERICK H on Wednesday, January 31.

The stake In International Business Machs (IBM) was decreased owned by Ing Groep Nv. According to 2018Q1 SEC filling the decrease is 32.3%. The company’s stock declined 9.42% with the market as 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. $127.64 billion is the MC of International Business Machs. IBM touched $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 1.15M shares volume. IBM underperformed by 18.81% the S&P 500.

Ing Groep Nv increased its stake in Humana Inc (NYSE:HUM) by 149,536 shares to 159,067 shares, valued at $42.76 million in 2018Q1, according to the filing. It manages about $5.88 billion and $5.52 billion US Long portfolio. For a total of 279,171 shares it increased its holding in Texas Instrs Inc (NASDAQ:TXN) by 142,293 shares in the quarter, and has risen its stake in Abbvie Inc (NYSE:ABBV).

On July, 17 is expected International Business Machines Corporation (NYSE:IBM)’s earnings report, according to RTT. Analysts have expectation on stock’s earnings per share of $3.03. That’s up 2.02 % from last year’s $2.97 earnings per share. If $3.03 is reported, IBM’s profit will hit $2.78B for 11.47 P/E. Analysts at Wall Street see International Business Machines Corporation’s 23.67 % EPS growth compared to $2.45 earnings per share for previous quarter.

For more International Business Machines Corporation (NYSE:IBM) news published recently go to: Seekingalpha.com, Benzinga.com, Seekingalpha.com, Seekingalpha.com or Prnewswire.com. The titles are as follows: “IBM: Available At A Discount To Pessimism” published on June 25, 2018, “SMC3: Blockchain Panelists Talk Current Use Cases, Regulation, And Crypto” on June 26, 2018, “Mass layoffs at IBM Watson Health?” with a publish date: May 31, 2018, “IBM: Unimpressive And Overpriced” and the last “IBM is helping Wimbledon “Prepare for Greatness” in 2018″ with publication date: June 26, 2018.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

A total of 12 analysts rate IBM (NYSE:IBM) as follows: 6 “Buy”, 4 “Hold” and 2 “Sell”. Тherefore 50% are bullish. The firm has $200.0 highest and $125.0 lowest target. The avg target $168.67 is 21.30% above the last ($139.05) price. (NYSE:IBM) has 18 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Thursday, January 18 the rating was maintained by Wedbush with “Hold”. On Friday, January 19 RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating. RBC Capital Markets has “Buy” rating and $180.0 target. On Wednesday, January 3 the rating was upgraded by RBC Capital Markets to “Outperform”. On Wednesday, April 18 the firm has “Buy” rating given by Stifel Nicolaus. On Friday, March 9 Stifel Nicolaus maintained the shares of IBM in report with “Buy” rating. On Friday, January 19 the firm has “Sell” rating given by Societe Generale. On Friday, January 19 the firm earned “Hold” rating by BMO Capital Markets. On Friday, January 19 the firm earned “Buy” rating by Stifel Nicolaus. On Wednesday, April 18 the rating was maintained by J.P. Morgan with “Hold”. On Friday, March 9 Morgan Stanley maintained the shares of IBM in report with “Buy” rating.

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

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