M&T Bank Corp Sells 378,671 Shares of International Business Machines Corporation IBM

M&T Bank Corp significantly reduced its stake in International Business Machines (IBM) by 94.5% in Q4, selling 378,671 shares and retaining 22,241 shares valued at $6.59 million. Despite IBM beating Q1 earnings and revenue estimates and raising its dividend for the 31st consecutive year, its stock experienced mixed reactions due to largely unchanged full-year guidance and analyst target cuts, pushing institutional ownership to around 58.96% with a “Moderate Buy” consensus. Insider transactions show modest purchases, contrasting with institutional selling trends.

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