Access Financial Services Inc. Sells 10,356 Shares of Baker Hughes (NASDAQ:BKR)

Access Financial Services Inc. lowered its position in Baker Hughes (NASDAQ:BKR - Free Report) by 22.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,513 shares of the company's stock after selling 10,356 shares during the period. Access Financial Services Inc.'s holdings in Baker Hughes were worth $1,605,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BKR. JFS Wealth Advisors LLC grew its holdings in 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 purchasing an additional 386 shares during the period. SBI Securities Co. Ltd. bought a new stake in Baker Hughes during the fourth quarter valued at about $30,000. Larson Financial Group LLC grew its holdings in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares during the period. Kestra Investment Management LLC bought a new stake in Baker Hughes during the fourth quarter valued at about $45,000. Finally, OFI Invest Asset Management bought a new stake in Baker Hughes during the fourth quarter valued at about $47,000. Institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BKR. Citigroup cut their price target on Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. TD Cowen cut their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Morgan Stanley dropped their price objective on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Barclays dropped their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI dropped their price objective on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, Baker Hughes currently has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Trading Up 1.1%

Shares of BKR stock opened at $39.04 on Monday. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. 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 stock's 50 day simple moving average is $37.35 and its two-hundred day simple moving average is $41.36. The company has a market cap of $38.68 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91.

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

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.36%. Baker Hughes's dividend payout ratio is 31.40%.

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.

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