Channing Capital Management LLC increased its stake in International Business Machines Corporation (IBM) by 21.1% during the third quarter, bringing their holdings to $8.26 million. Several other institutional investors also adjusted their positions in IBM. The company recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $1.68 per share.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
International Business Machines Corporation $IBM Stake Boosted by Channing Capital Management LLC
Channing Capital Management LLC increased its stake in International Business Machines Corporation (IBM) by 21.1% during the third quarter, bringing their holdings to $8.26 million. Several other institutional investors also adjusted their positions in IBM. The company recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $1.68 per share.