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As International Business Machines Corp. (IBM) Shares Rose, Shareholder Yorktown Management & Research Co Trimmed Its Stake by $3.53 Million; Crawford Investment Counsel Boosted Valley Natl Bancorp (VLY) Stake by $1.60 Million

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Yorktown Management & Research Co Inc decreased its stake in International Business Machines Corp. (IBM) by 55.56% based on its latest 2019Q1 regulatory filing with the SEC. Yorktown Management & Research Co Inc sold 25,000 shares as the company’s stock rose 5.46% . The institutional investor held 20,000 shares of the computer manufacturing company at the end of 2019Q1, valued at $2.82M, down from 45,000 at the end of the previous reported quarter. Yorktown Management & Research Co Inc who had been investing in International Business Machines Corp. for a number of months, seems to be less bullish one the $114.78 billion market cap company. The stock decreased 3.54% or $4.75 during the last trading session, reaching $129.57. About 4.41M shares traded or 17.68% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 1.89% since August 25, 2018 and is uptrending. It has outperformed by 1.89% the S&P500. Some Historical IBM News: 23/05/2018 – Macron’s guest-list included Facebook Chief Executive Mark Zuckerberg, IBM’s Virginia Rometty, Intel’s Brian Krzanich, Microsoft’s Satya Nadella and a raft of other big hitters in the corporate world; 24/04/2018 – REG-lntnl Bus. Mach IBM Board Approves Increase in Quarterly Cash Dividend for the 23rd Consecutive Year; 20/03/2018 – IBM Expects to Deliver 17% to 18% of Full Year Expectation in 1Q; 13/03/2018 – Zoom Video Communications Embedded into IBM Watson Workspace Plus; 11/04/2018 – Bombora Named to List of Top SaaS Companies Following Customer, Staff and Revenue Growth; 10/05/2018 – IBM Announces Collaboration with North Carolina State University to Accelerate Quantum Computing; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 20/03/2018 – NeuVector and IBM Cloud Announce Run-Time Security for Kubernetes; 15/05/2018 – Berkshire Exits IBM, Cuts Wells Fargo, Buys More Apple: 13F; 17/04/2018 – IBM Turnaround Questioned on Slower Growth of New Businesses

Crawford Investment Counsel Inc increased its stake in Valley Natl Bancorp (VLY) by 9.5% based on its latest 2019Q1 regulatory filing with the SEC. Crawford Investment Counsel Inc bought 177,740 shares as the company’s stock rose 8.67% . The institutional investor held 2.05 million shares of the major banks company at the end of 2019Q1, valued at $19.62M, up from 1.87M at the end of the previous reported quarter. Crawford Investment Counsel Inc who had been investing in Valley Natl Bancorp for a number of months, seems to be bullish on the $3.37B market cap company. The stock decreased 3.06% or $0.32 during the last trading session, reaching $10.15. About 1.54 million shares traded. Valley National Bancorp (NYSE:VLY) has declined 5.34% since August 25, 2018 and is downtrending. It has underperformed by 5.34% the S&P500. Some Historical VLY News: 14/03/2018 – SILICON VALLEY BANK PURSUES EXPANSION IN CANADA; 26/04/2018 – Valley National Bancorp 1Q Net $42M; 26/03/2018 – Community Valley Bank Buying Southern California Branch from Umpqua Bank; 08/03/2018 – Moody’s Affirms SVB Financial and Silicon Valley Bank Unit, Including A3 Long-Term Issuer Rating for Bank; 26/04/2018 – Valley National Bancorp Reports First Quarter Net Income And Strong Organic Loan Growth; 22/04/2018 – DJ Valley National Bancorp, Inst Holders, 1Q 2018 (VLY); 14/05/2018 – Silicon Valley Bank Is Coming for Canada’s Burgeoning Tech Scene; 07/05/2018 – Valley National at Company Marketing Hosted By Stephens Inc; 28/03/2018 – Middletown Valley Bank, Inc. Increases Dividend By 50%; 28/03/2018 – Valley National Bancorp To Announce First Quarter 2018 Earnings

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Benzinga.com which released: “How to Buy Foxconn Stock in the U.S. – Benzinga” on August 23, 2019, also Seekingalpha.com with their article: “IBM: Hat Tip – Seeking Alpha” published on July 19, 2019, 247Wallst.com published: “Could Amazon Lose the Pentagon JEDI Project? – 24/7 Wall St.” on August 02, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Finance.Yahoo.com and their article: “Here’s What Hedge Funds Think About International Business Machines Corp. (IBM) – Yahoo Finance” published on June 10, 2019 as well as Benzinga.com‘s news article titled: “AMD CEO Lisa Su Denies Report She Could Be Leaving For IBM: ‘Zero Truth To This Rumor’ – Benzinga” with publication date: August 06, 2019.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 15. They expect $3.48 EPS, up 1.75% or $0.06 from last year’s $3.42 per share. IBM’s profit will be $3.08B for 9.31 P/E if the $3.48 EPS becomes a reality. After $3.17 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 9.78% EPS growth.

Yorktown Management & Research Co Inc, which manages about $931.40M and $309.54 million US Long portfolio, upped its stake in Bgc Partners Inc. (NASDAQ:BGCP) by 73,800 shares to 473,800 shares, valued at $2.52M in 2019Q1, according to the filing. It also increased its holding in Dominion Resources Inc. (NYSE:D) by 10,300 shares in the quarter, for a total of 17,800 shares, and has risen its stake in Dxc Technology Co..

Investors sentiment increased to 1.03 in Q1 2019. Its up 0.44, from 0.59 in 2018Q4. It improved, as 67 investors sold IBM shares while 524 reduced holdings. 142 funds opened positions while 468 raised stakes. 473.01 million shares or 9.66% less from 523.62 million shares in 2018Q4 were reported. B And T Cap Dba Alpha Cap has 19,975 shares. Nomura Asset Management Ltd accumulated 231,590 shares or 0.32% of the stock. The California-based Osterweis Cap Mgmt has invested 0.02% in International Business Machines Corporation (NYSE:IBM). Quinn Opportunity Prtnrs Ltd holds 0.06% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3,000 shares. The Tennessee-based Chickasaw Cap Mngmt Ltd Liability Corp has invested 0.01% in International Business Machines Corporation (NYSE:IBM). Deroy And Devereaux Private Investment Counsel Incorporated stated it has 1,506 shares. Shine Inv Advisory Ser, a Colorado-based fund reported 1,576 shares. Brinker Cap reported 0.07% of its portfolio in International Business Machines Corporation (NYSE:IBM). North Star Invest Mngmt Corp holds 15,350 shares. Homrich & Berg has 0.07% invested in International Business Machines Corporation (NYSE:IBM) for 9,534 shares. Baldwin Inv Limited Liability holds 1,969 shares or 0.08% of its portfolio. Nordea Inv Mgmt Ab holds 1.1% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3.73 million shares. 32,005 are held by Cardinal Cap Mgmt. Avalon Advsr Lc owns 2,295 shares or 0.01% of their US portfolio. Aviance Mgmt Limited Liability Corporation reported 56,208 shares.

Crawford Investment Counsel Inc, which manages about $4.53 billion and $3.36 billion US Long portfolio, decreased its stake in Cullen Frost Bankers Inc (NYSE:CFR) by 192,679 shares to 376,034 shares, valued at $36.50M in 2019Q1, according to the filing. It also reduced its holding in Astrazeneca Plc (NYSE:AZN) by 16,001 shares in the quarter, leaving it with 1.64 million shares, and cut its stake in American Express Co (NYSE:AXP).

Investors sentiment decreased to 1.24 in Q1 2019. Its down 0.02, from 1.26 in 2018Q4. It is negative, as 17 investors sold VLY shares while 59 reduced holdings. 26 funds opened positions while 68 raised stakes. 200.08 million shares or 2.41% more from 195.38 million shares in 2018Q4 were reported. Serv Automobile Association reported 0.01% of its portfolio in Valley National Bancorp (NASDAQ:VLY). State Board Of Administration Of Florida Retirement reported 202,017 shares. Principal Gru owns 1.47 million shares. Bnp Paribas Arbitrage Sa holds 0% or 67,852 shares. Cambridge Rech Advsrs Inc invested 0% in Valley National Bancorp (NASDAQ:VLY). Mariner Ltd Liability Corp holds 458,542 shares or 0.06% of its portfolio. Ubs Asset Management Americas stated it has 0% in Valley National Bancorp (NASDAQ:VLY). Point72 Asset Management LP has 0% invested in Valley National Bancorp (NASDAQ:VLY) for 4,819 shares. Commonwealth Of Pennsylvania School Empls Retrmt stated it has 0.01% of its portfolio in Valley National Bancorp (NASDAQ:VLY). Moreover, Cornercap Counsel Incorporated has 0.23% invested in Valley National Bancorp (NASDAQ:VLY) for 170,201 shares. Deutsche Financial Bank Ag, a Germany-based fund reported 920,796 shares. State Treasurer State Of Michigan reported 118,314 shares stake. Swiss National Bank holds 0.01% of its portfolio in Valley National Bancorp (NASDAQ:VLY) for 573,900 shares. Century has invested 0.05% in Valley National Bancorp (NASDAQ:VLY). Mutual Of America Ltd Liability Co has invested 0.04% in Valley National Bancorp (NASDAQ:VLY).

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Source: on 2019-08-25 10:14:05

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