Baker Hughes (NASDAQ:BKR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,693 shares of the company's stock after purchasing an additional 30,906 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Baker Hughes were worth $11,625,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKR. Sanctuary Advisors LLC purchased a new stake in Baker Hughes during the second quarter valued at about $1,505,000. Park Avenue Securities LLC grew its position in Baker Hughes by 6.0% during the third quarter. Park Avenue Securities LLC now owns 26,703 shares of the company's stock valued at $965,000 after acquiring an additional 1,501 shares during the period. Czech National Bank grew its position in Baker Hughes by 6.4% during the third quarter. Czech National Bank now owns 202,371 shares of the company's stock valued at $7,316,000 after acquiring an additional 12,192 shares during the period. GAMMA Investing LLC grew its position in Baker Hughes by 42.9% during the third quarter. GAMMA Investing LLC now owns 7,288 shares of the company's stock valued at $263,000 after acquiring an additional 2,187 shares during the period. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Baker Hughes during the third quarter valued at about $279,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company's stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

BKR has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Atb Cap Markets cut Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their price objective on Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their price objective on Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Citigroup boosted their price objective on Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $50.18.

Baker Hughes Stock Up 2.4 %

Baker Hughes stock traded up $1.09 during midday trading on Monday, hitting $47.29. The stock had a trading volume of 2,594,591 shares, compared to its average volume of 7,975,883. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The stock has a market cap of $46.79 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.07 and a beta of 1.39. Baker Hughes has a 12 month low of $28.63 and a 12 month high of $49.40. The business has a fifty day moving average price of $43.42 and a 200 day moving average price of $39.53.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Research analysts predict that Baker Hughes will post 2.57 EPS for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.95%. Baker Hughes's dividend payout ratio is 28.19%.

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.