Stifel Financial Corp Sells 25,668 Shares of Baker Hughes (NASDAQ:BKR)

Stifel Financial Corp cut its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,357,244 shares of the company's stock after selling 25,668 shares during the quarter. Stifel Financial Corp owned approximately 0.14% of Baker Hughes worth $55,674,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BKR. Dynasty Wealth Management LLC lifted its holdings in Baker Hughes by 2.7% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after buying an additional 207 shares during the period. Larson Financial Group LLC lifted its stake in 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 during the period. Alpine Woods Capital Investors LLC increased its stake in shares of Baker Hughes by 0.7% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock valued at $1,660,000 after acquiring an additional 267 shares in the last quarter. Cromwell Holdings LLC boosted its stake in Baker Hughes by 9.3% during the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock worth $130,000 after acquiring an additional 269 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in Baker Hughes by 1.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock worth $923,000 after purchasing an additional 295 shares during the period. Institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Evercore ISI cut their target price on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday. Jefferies Financial Group upped their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Citigroup lowered their target price on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna lowered their price objective on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Stock Performance

Baker Hughes stock traded up $0.07 during midday trading on Friday, reaching $36.45. The stock had a trading volume of 7,102,964 shares, compared to its average volume of 6,905,780. The firm has a market capitalization of $36.09 billion, a PE ratio of 12.23, a P/E/G ratio of 2.00 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm's 50-day moving average price is $41.39 and its 200 day moving average price is $42.04. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, research analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.52%. Baker Hughes's dividend payout ratio is currently 31.40%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the company's stock in a transaction on Monday, January 27th. The shares were 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 approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.

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.