Schroder Investment Management Group Cuts Stock Holdings in Baker Hughes (NASDAQ:BKR)

Schroder Investment Management Group decreased its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 790,020 shares of the company's stock after selling 202,780 shares during the quarter. Schroder Investment Management Group owned about 0.08% of Baker Hughes worth $32,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BKR. JFS Wealth Advisors LLC increased its holdings in shares of Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its stake in shares of Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares in the last quarter. Groupama Asset Managment increased its position in shares of Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after acquiring an additional 811,711 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of Baker Hughes by 442.2% in the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after acquiring an additional 796 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on BKR shares. TD Cowen decreased their price objective on Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Barclays reduced their target price on shares of Baker Hughes from $55.00 to $54.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Susquehanna increased their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company a "positive" rating in a research note on Monday, February 3rd. Stifel Nicolaus boosted their target price on Baker Hughes from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group upped their target price on Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.00.

Insider Activity

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 173,302 shares of the company's stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded down $5.45 during mid-day trading on Friday, hitting $35.41. The company had a trading volume of 20,972,174 shares, compared to its average volume of 6,692,906. The stock's 50-day moving average price is $44.40 and its 200-day moving average price is $42.07. The company has a market capitalization of $35.06 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 2.00 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, sell-side analysts forecast that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

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

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.