First Horizon 13F: Adds $542K to IBM Stake

First Horizon boosted its stake in International Business Machines Corporation (IBM) by 2,463 shares in a filing on October 26, 2026.

IBM International Business Machines Corporation

$253.84 ▼ -11.15% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where IBM Fits in First Horizon's Portfolio

This stake represents 2.85% of First Horizon's overall portfolio, ranking it 11th among 1,514 positions reported in its latest 13F filing. The increase of about 1.96% indicates a growing confidence in IBM's potential.

Other Institutional Activity in IBM

E. Ohman J:or Asset Management reduced its holdings by 172,607 shares, leaving it with 47,870 shares worth about $10.5 million. Integrated Advisors Network also trimmed its stake by 8,292 shares, resulting in 9,305 shares valued at approximately $2.0 million. Meanwhile, Tectonic Advisors added 7,508 shares, increasing its total to 69,853 shares worth about $15.4 million.

International Business Machines Corporation Stock Down 0.1%

As of October 26, 2026, IBM shares closed at $253.84. Recently, they have traded around $253.43, which is about equal to the closing price on the filing date. The stock is currently above its 50-day moving average by 8.7% but below its 52-week high by 23.8%.

Recent Earnings

IBM reported trailing twelve-month revenue of approximately $69.9 billion, with a year-over-year revenue growth of 4.7%. The next earnings report is expected on January 27, 2027.

Dividend

IBM pays an annual dividend of $6.76 per share, which gives it a yield of 2.67%. The dividend payout ratio stands at 57.5%.

Insider Buying and Selling at International Business Machines Corporation

In recent insider transactions, Director David N. Farr purchased 1,000 shares at $304.00 each on January 30, 2026, totaling $304,000. Additionally, Director Michelle J. Howard bought 50 shares at an average price of $237.83 on February 25, 2026.

Analysts Set New Price Targets

On October 22, 2026, Jefferies maintained a "Buy" rating on IBM with a price target of $280. Citigroup also kept a "Buy" rating and raised its target to $280 from $245. UBS maintained a "Neutral" rating with a target of $243.

About IBM

International Business Machines Corporation, known as IBM, offers a wide range of technology solutions and services across various sectors, including software and consulting. The company is known for its advancements in hybrid cloud and AI technologies, which are crucial for digital transformation.

Bottom Line

Investors will want to watch for IBM's next earnings report on January 27, 2027, and further updates from First Horizon and other institutional investors regarding their positions in the company.