Osaic Holdings Inc. Expands IBM Investment with Additional Share Purchase

Osaic Holdings Inc. has marginally increased its stake in International Business Machines Co. (IBM), a leading technology company, during the second quarter of the year. With a 0.3% boost to its existing holdings, the investment firm purchased an extra 1,562 shares. After this additional acquisition, Osaic Holdings Inc. now owns a total of 448,741 IBM shares. The shares are estimated to have a value of around $60,072,000, according to the latest Securities and Exchange Commission (SEC) filing.

Investment Movements by Other Hedge Funds

Investments in IBM shares have not been exclusive to Osaic Holdings Inc. BlackRock Inc. increased its ownership by 3.5%, which now counts 74,044,855 shares, while State Street Corp's stake went up by 1.7%, reaching 54,441,615 shares. Bank Julius Baer & Co. Ltd Zurich made a significant purchase that increased its position by a staggering 138,904.7%, bringing the total to 17,781,486 shares. Adding to the trend, Geode Capital Management LLC and Morgan Stanley have also raised their stakes in the company during the same period.

Insights from Wall Street Analysts

A variety of analysts have shared their thoughts on IBM's future, with several price objectives being adjusted and different ratings given to the stock. Generally, the company holds a 'Hold' rating, but some analysts suggest it as a 'Buy', indicating a mixed but somewhat optimistic outlook.

IBM's Stock Performance and Dividend Announcement

The trading price for IBM stock began at $163.66 on a recent Thursday, with some fluctuating performance metrics over the past financial quarters. IBM also disclosed a quarterly dividend of $1.66 per share, pointing to a solid annual yield for investors.

About International Business Machines Corporation

IBM operates a diversified technology and services business globally. It includes segments such as Software, Consulting, Infrastructure, and Financing, servicing various needs from cloud computing to artificial intelligence and security.

Osaic, Holdings, IBM