Baker Hughes (NASDAQ:BKR) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 332,665 shares of the company's stock after buying an additional 18,175 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Baker Hughes were worth $12,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BKR. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes in the 3rd quarter worth approximately $30,000. True Wealth Design LLC grew its holdings in 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 purchasing an additional 829 shares during the last quarter. Alta Advisers Ltd purchased a new position in shares of Baker Hughes in the second quarter valued at $42,000. Headlands Technologies LLC acquired a new position in shares of Baker Hughes during the 2nd quarter worth $48,000. Finally, Quarry LP boosted its position in shares of Baker Hughes by 81.1% in the 2nd quarter. Quarry LP now owns 1,594 shares of the company's stock worth $56,000 after buying an additional 714 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Trading Down 0.3 %

Shares of NASDAQ BKR traded down $0.13 on Thursday, reaching $42.33. 5,807,508 shares of the company traded hands, compared to its average volume of 7,144,938. The company has a 50 day moving average of $40.37 and a 200 day moving average of $36.56. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.17. The stock has a market capitalization of $41.89 billion, a PE ratio of 18.93, a P/E/G ratio of 0.70 and a beta of 1.40.

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

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BKR shares. Stifel Nicolaus raised their target price on shares of Baker Hughes from $45.00 to $48.00 and gave the company a "buy" rating in a report on Monday, November 25th. Morgan Stanley raised their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. BMO Capital Markets lifted their price objective on Baker Hughes from $43.00 to $45.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Citigroup increased their target price on Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company raised Baker Hughes from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $40.00 to $42.00 in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $45.12.

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.