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Financial firms vary in IBM investments as stock soars, despite analysts' "Hold" rating.
Financial firms like Jackson Thornton Wealth Management and Sharp Financial Services have recently invested in IBM, while others like Bank of New York Mellon Corp reduced their holdings.
IBM's stock rose by 42.6% in the first quarter, and the company reported a strong earnings report, with EPS of $1.60, beating estimates.
IBM also announced a quarterly dividend of $1.68 per share, yielding 2.30%.
Despite positive financials, analysts have a "Hold" rating with a target price of $257.50.
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Las firmas financieras varían en las inversiones de IBM a medida que las acciones se disparan, a pesar de la calificación "Hold" de los analistas.