James Hambro & Partners 13F: Exits IBM Stake

Institutional investor James Hambro & Partners sold out of its remaining stake in International Business Machines Corporation (IBM), dropping its position to zero shares in a filing disclosed on October 19, 2026. The firm previously held 3,770 shares of the technology and consulting provider before liquidating the entire holding. The stock closed at $236.39 on the filing date.

IBM International Business Machines Corporation

$239.31 ▼ -16.23% year to date

1M 3M YTD

Daily close · Oct 20, 2026

What Changed in James Hambro & Partners's IBM Position

The firm completely closed out its investment in IBM during the period, parting ways with all 3,770 shares it held previously. Because this move represents an exit, the fund went from holding shares valued at the prior period to zero remaining interest in the company.

Other Institutional Activity in IBM

Other institutional players also adjusted their exposure to the company around this time. Thurston, Springer, Miller, Herd & Titak reduced its holdings by 4,117 shares, ending the period with 583 shares worth about $128,303 after an 87.6% cut.

International Business Machines Corporation Stock Up 1.9%

IBM recently traded around $236.44 as of October 20, 2026, which is about equal to its closing price on the filing date. The stock trades above its 50-day moving average of $232.02 and sits 5.9% below its 200-day moving average of $251.39. Shares have ranged from a 52-week low of $199.19 up to a 52-week high of $332.46.

Recent Earnings

International Business Machines Corporation generated trailing twelve-month revenue of $69.1 billion and basic earnings of $11.25 per share. The company reported a net profit margin of 15.5% and a return on equity of 34.5%. Investors are tracking the next quarterly financial update scheduled for release on October 21, 2026.

Dividend

The company pays an annual dividend rate of $6.76 per share, yielding 2.86% based on current trading levels. This payout is supported by a dividend payout ratio of 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Corporate insiders were active in the stock over recent months. Director David N Farr bought 1,000 shares on January 30, 2026, at $304.00 apiece for a total of $304,000. Director Michelle J. Howard acquired 50 shares on February 25, 2026, at $237.83 per share. Director Michael Miebach picked up 434 shares on the same day at $233.33 each. On the selling side, officer Robert David Thomas disposed of 25,000 shares on August 26, 2026, at $230.32 per share.

Analysts Set New Price Targets

Wall Street firms have kept a steady stream of updates on the equity. Citigroup maintained its buy rating on July 24, 2026, adjusting its target to $245.00 from $255.00. Susquehanna maintained a neutral rating on August 31, 2026, raising its target to $235.00. Truist Securities initiated coverage with a hold rating and a $240.00 target on October 9, 2026. RBC Capital reiterated an outperform rating with a $270.00 target on October 13, 2026, while Morgan Stanley maintained an equal-weight rating and lifted its target to $238.00 on October 15, 2026. Overall, the stock carries a consensus buy recommendation across 23 analyst opinions with a mean price target of $243.09.

About International Business Machines Corporation

Headquartered in Armonk, New York, International Business Machines Corporation operates globally across Software, Consulting, Infrastructure, and Financing segments. The enterprise focuses heavily on hybrid cloud platforms and artificial intelligence solutions that help corporate clients modernize applications and data infrastructure. Monitoring institutional shifts helps market participants track how large managers position their portfolios ahead of major technology transitions.

Bottom Line

James Hambro & Partners no longer holds any shares of IBM following its complete exit disclosed on October 19, 2026. Market watchers will look toward the upcoming earnings release on October 21, 2026, for fresh signals on software and cloud growth.