Groupama Asset Managment Has $32,000 Stock Position in Baker Hughes (NASDAQ:BKR)

Groupama Asset Managment raised its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 1,045.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 889,378 shares of the company's stock after purchasing an additional 811,711 shares during the quarter. Groupama Asset Managment owned approximately 0.09% of Baker Hughes worth $32,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Baker Hughes by 34.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock valued at $394,775,000 after buying an additional 2,811,940 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Baker Hughes by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company's stock valued at $348,074,000 after acquiring an additional 680,621 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Baker Hughes by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company's stock worth $348,233,000 after purchasing an additional 145,537 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Baker Hughes by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 8,723,388 shares of the company's stock valued at $306,801,000 after purchasing an additional 692,859 shares during the period. Finally, American Century Companies Inc. grew its holdings in Baker Hughes by 3.1% during the second quarter. American Century Companies Inc. now owns 8,274,250 shares of the company's stock worth $291,005,000 after purchasing an additional 248,122 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BKR. Barclays upped their price objective on Baker Hughes from $41.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $43.00 price target on shares of Baker Hughes in a report on Thursday, October 24th. UBS Group decreased their price objective on shares of Baker Hughes from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, September 18th. Argus upgraded shares of Baker Hughes from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. Finally, Morgan Stanley upped their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.76.

Baker Hughes Price Performance

BKR traded down $0.22 on Tuesday, hitting $41.21. 7,357,578 shares of the stock were exchanged, compared to its average volume of 7,148,655. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The firm has a market capitalization of $40.78 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.70 and a beta of 1.40. The business has a 50-day moving average of $40.18 and a two-hundred day moving average of $36.46.

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 (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the business posted $0.42 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.04%. Baker Hughes's dividend payout ratio (DPR) is currently 37.67%.

Baker Hughes Company 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.