Stifel Financial Corp Has $49.99 Million Position in Baker Hughes (NASDAQ:BKR)

Stifel Financial Corp raised its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,382,912 shares of the company's stock after purchasing an additional 124,153 shares during the period. Stifel Financial Corp owned 0.14% of Baker Hughes worth $49,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BKR. Ashton Thomas Securities LLC bought a new stake in shares of Baker Hughes in the third quarter valued at approximately $30,000. True Wealth Design LLC boosted its position in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after acquiring an additional 829 shares during the period. Alta Advisers Ltd bought a new stake in shares of Baker Hughes in the second quarter valued at approximately $42,000. Headlands Technologies LLC bought a new stake in shares of Baker Hughes in the second quarter valued at approximately $48,000. Finally, Quarry LP boosted its position in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company's stock valued at $56,000 after acquiring an additional 714 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Price Performance

Shares of NASDAQ BKR traded down $1.20 during midday trading on Friday, reaching $41.31. 7,455,021 shares of the company traded hands, compared to its average volume of 5,830,159. The firm has a market cap of $40.88 billion, a PE ratio of 18.52, a PEG ratio of 0.72 and a beta of 1.40. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The stock's 50-day simple moving average is $40.07 and its 200-day simple moving average is $36.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS. As a group, equities analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, November 4th. Baker Hughes's payout ratio is presently 37.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BKR shares. BMO Capital Markets increased their price objective on Baker Hughes from $43.00 to $45.00 and gave the company an "outperform" rating in a research report on Thursday, October 10th. Susquehanna increased their price objective on Baker Hughes from $46.00 to $48.00 and gave the company a "positive" rating in a research report on Thursday, October 24th. Argus raised Baker Hughes from a "hold" rating to a "buy" rating in a research report on Friday, October 25th. Morgan Stanley raised their target price on Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, October 3rd. Finally, Barclays raised their target price on Baker Hughes from $41.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $44.76.

Baker Hughes Profile

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.