Edmond DE Rothschild Holding S.A. Sells 551,244 Shares of Baker Hughes (NASDAQ:BKR)

Edmond DE Rothschild Holding S.A. trimmed its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 68.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,257 shares of the company's stock after selling 551,244 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Baker Hughes were worth $10,266,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Strategic Financial Concepts LLC bought a new position in shares of Baker Hughes in the fourth quarter worth approximately $640,000. Burney Co. boosted its holdings in Baker Hughes by 315.0% in the 4th quarter. Burney Co. now owns 138,788 shares of the company's stock worth $5,693,000 after buying an additional 105,349 shares during the period. Northstar Advisory Group LLC bought a new position in Baker Hughes in the 4th quarter worth $1,180,000. Artemis Investment Management LLP increased its stake in Baker Hughes by 29.4% in the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company's stock worth $43,233,000 after buying an additional 239,773 shares in the last quarter. Finally, Czech National Bank raised its holdings in Baker Hughes by 6.0% during the fourth quarter. Czech National Bank now owns 214,549 shares of the company's stock valued at $8,801,000 after acquiring an additional 12,178 shares during the period. 92.06% of the stock is owned by institutional investors.

Baker Hughes Trading Down 13.3 %

NASDAQ BKR traded down $5.45 during trading hours on Friday, hitting $35.41. 20,972,174 shares of the company were exchanged, compared to its average volume of 6,692,906. The stock has a market cap of $35.06 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The stock has a 50-day moving average price of $44.40 and a 200 day moving average price of $42.02. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

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Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results 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%. Analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio (DPR) is 30.87%.

Insider Buying and Selling

In other news, EVP Maria C. Borras sold 8,000 shares of the business's 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 completion of the sale, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKR has been the subject of several research analyst reports. Benchmark reiterated a "buy" rating and set a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. Stifel Nicolaus lifted their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Jefferies Financial Group upped their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, Baker Hughes has a consensus rating of "Moderate Buy" and a consensus target price of $51.00.

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.