Ascentis Wealth Boosts IBM Holdings by 4,142%
Ascentis Wealth Management LLC significantly increased its holdings in International Business Machines Corporation (NYSE:IBM) during the second quarter, according to a recent filing with the Securities & Exchange Commission. The institutional investor boosted its position by 4,142% and now owns approximately 0.05% of IBM's outstanding shares.
The company acquired an additional 489,786 shares, bringing its total holdings in International Business Machines to 501,611 shares. Ascentis Wealth Management LLC's investment in IBM is valued at $141,000 as of the latest filing.
International Business Machines Corporation has a market capitalization of $216.83 billion and a P/E ratio of 20.42. The company recently announced its quarterly dividend, which will be paid on Thursday, September 10th to shareholders who recorded ownership on Monday, August 10th. Each shareholder will receive a dividend of $1.69 per share.
The analyst community has set new price targets for International Business Machines Corporation, with the consensus rating being 'Moderate Buy' and an average target price of $265.40.