Deutsche Bank AG Sells 2,633,221 Shares of Baker Hughes (NASDAQ:BKR)

Deutsche Bank AG trimmed its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,770,548 shares of the company's stock after selling 2,633,221 shares during the period. Deutsche Bank AG owned 0.79% of Baker Hughes worth $318,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynasty Wealth Management LLC lifted its position in Baker Hughes by 2.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock valued at $324,000 after purchasing an additional 207 shares during the last quarter. Larson Financial Group LLC increased its position in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after acquiring an additional 216 shares during the period. Alpine Woods Capital Investors LLC grew its stake in shares of Baker Hughes by 0.7% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after purchasing an additional 267 shares in the last quarter. Cromwell Holdings LLC increased its holdings in shares of Baker Hughes by 9.3% during the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock valued at $130,000 after purchasing an additional 269 shares during the period. Finally, 180 Wealth Advisors LLC lifted 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. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

BKR traded down $0.21 during trading on Wednesday, hitting $37.97. 2,598,989 shares of the stock traded hands, compared to its average volume of 7,033,061. The company has a market cap of $37.62 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The business has a 50 day moving average price of $39.56 and a 200 day moving average price of $42.04. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

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

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is currently 31.40%.

Wall Street Analyst Weigh In

A number of analysts recently commented on BKR shares. TD Cowen dropped their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Benchmark reaffirmed a "buy" rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Tuesday, February 11th. Susquehanna cut their price objective on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Thursday, April 24th. 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 research note on Tuesday, April 8th. Finally, Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the company a "buy" rating in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $49.11.

About Baker Hughes

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.