Baker Hughes (NASDAQ:BKR) Shares Bought by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG increased its holdings in Baker Hughes (NASDAQ:BKR) by 1,170.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,290,044 shares of the company’s stock after buying an additional 1,188,529 shares during the quarter. J. Safra Sarasin Holding AG owned about 0.13% of Baker Hughes worth $52,918,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BKR. OneDigital Investment Advisors LLC raised its stake in shares of Baker Hughes by 56.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 9,615 shares of the company’s stock valued at $394,000 after purchasing an additional 3,450 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of Baker Hughes by 9.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 341,150 shares of the company’s stock worth $13,994,000 after buying an additional 28,635 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Baker Hughes by 26.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 54,186 shares of the company’s stock worth $2,223,000 after acquiring an additional 11,367 shares during the period. MML Investors Services LLC increased its stake in shares of Baker Hughes by 152.2% during the fourth quarter. MML Investors Services LLC now owns 43,735 shares of the company’s stock valued at $1,794,000 after acquiring an additional 26,395 shares during the period. Finally, Natixis lifted its position in Baker Hughes by 264.7% in the fourth quarter. Natixis now owns 81,140 shares of the company’s stock worth $3,328,000 after purchasing an additional 58,893 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

Baker Hughes Stock Up 1.9 %

BKR stock opened at $38.86 on Monday. The firm has a market cap of $38.47 billion, a PE ratio of 13.04, a PEG ratio of 2.00 and a beta of 1.08. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The company has a fifty day simple moving average of $42.34 and a 200 day simple moving average of $42.13. 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 (NASDAQ:BKR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. 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 2.37%. Baker Hughes’s dividend payout ratio (DPR) is presently 30.87%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BKR. Stifel Nicolaus cut their price target on shares of Baker Hughes from $54.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada raised their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday, February 11th. Citigroup decreased their price target on Baker Hughes from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays dropped their target price on shares of Baker Hughes from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.65.

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.