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Vanguard Group Inc. Acquires 724,832 Shares of International Business Machines Corporation $IBM
Vanguard Group Inc. increased its stake in International Business Machines Corporation (IBM) by 0.8% in the third quarter, purchasing an additional 724,832 shares. This significant acquisition brings Vanguard’s total holdings to over 95 million shares, representing about 10.25% of IBM and making it Vanguard’s 29th largest holding. The article also covers recent positive IBM news regarding AI initiatives, insider activity, financial performance, and analyst ratings, indicating a “Moderate Buy” consensus.