Daiwa Securities Group Inc. Has $4.82 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Daiwa Securities Group Inc. grew its holdings in Baker Hughes (NASDAQ:BKR) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 141,127 shares of the company’s stock after buying an additional 9,931 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Baker Hughes were worth $4,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKR. Cambridge Investment Research Advisors Inc. acquired a new stake in Baker Hughes in the first quarter worth about $321,000. D.A. Davidson & CO. bought a new position in Baker Hughes during the first quarter worth about $230,000. Synovus Financial Corp boosted its holdings in Baker Hughes by 31.7% during the first quarter. Synovus Financial Corp now owns 13,399 shares of the company’s stock worth $488,000 after buying an additional 3,226 shares during the last quarter. Cibc World Market Inc. boosted its holdings in Baker Hughes by 197.9% during the first quarter. Cibc World Market Inc. now owns 36,783 shares of the company’s stock worth $1,339,000 after buying an additional 24,434 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Baker Hughes by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 4,748,743 shares of the company’s stock worth $172,934,000 after buying an additional 204,220 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Up 1.2 %

NASDAQ BKR opened at $32.60 on Friday. The stock has a market capitalization of $32.63 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.61 and a beta of 1.42. Baker Hughes has a 52 week low of $26.81 and a 52 week high of $37.58. The stock’s 50 day moving average price is $31.68 and its two-hundred day moving average price is $32.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.93 billion. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, analysts anticipate that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were given a dividend of $0.21 per share. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.58%. Baker Hughes’s payout ratio is 43.98%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup reduced their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 26th. TD Cowen raised their target price on Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Wolfe Research cut Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Barclays cut their price objective on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price objective on shares of Baker Hughes in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $40.87.

Insiders Place Their Bets

In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the transaction, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at approximately $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares in the company, valued at $508,132.24. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

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.