AGF Management Ltd. Has $3.62 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

AGF Management Ltd. reduced its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,342 shares of the company's stock after selling 19,468 shares during the quarter. AGF Management Ltd.'s holdings in Baker Hughes were worth $3,624,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Sage Mountain Advisors LLC acquired a new stake in shares of Baker Hughes during the fourth quarter worth approximately $264,000. Independent Advisor Alliance acquired a new stake in shares of Baker Hughes during the fourth quarter worth approximately $238,000. Daiwa Securities Group Inc. boosted its holdings in shares of Baker Hughes by 6.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 196,988 shares of the company's stock worth $8,080,000 after purchasing an additional 11,761 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Baker Hughes by 10.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 480,851 shares of the company's stock worth $19,725,000 after purchasing an additional 44,196 shares during the period. Finally, Sowell Financial Services LLC boosted its holdings in shares of Baker Hughes by 34.9% during the fourth quarter. Sowell Financial Services LLC now owns 20,495 shares of the company's stock worth $841,000 after purchasing an additional 5,306 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by insiders.

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Baker Hughes Stock Performance

BKR stock traded down $0.74 on Thursday, reaching $41.74. 5,766,600 shares of the company were exchanged, compared to its average volume of 6,295,167. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The stock's fifty day moving average price is $44.87 and its 200 day moving average price is $40.96. The firm has a market capitalization of $41.33 billion, a PE ratio of 14.01, a PEG ratio of 2.00 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, research analysts anticipate that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 2.20%. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's payout ratio is 30.87%.

Wall Street Analysts Forecast Growth

BKR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Stifel Nicolaus lifted their target price on shares of Baker Hughes from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. TD Cowen reduced their target price on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Atb Cap Markets cut shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Finally, Piper Sandler lifted their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $51.06.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.