Banco Santander S.A. Has $316,000 Stock Position in Baker Hughes Company (NASDAQ:BKR)

Banco Santander S.A. reduced its position in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 70.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,191 shares of the company's stock after selling 16,896 shares during the quarter. Banco Santander S.A.'s holdings in Baker Hughes were worth $316,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BKR. Pacer Advisors Inc. raised its stake in Baker Hughes by 2,585.6% during the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock worth $169,511,000 after buying an additional 3,713,301 shares during the period. Neuberger Berman Group LLC raised its stake in Baker Hughes by 2,527.6% during the 4th quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company's stock worth $136,158,000 after buying an additional 3,193,089 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Baker Hughes during the 4th quarter worth approximately $128,542,000. FMR LLC raised its stake in Baker Hughes by 12.5% during the 4th quarter. FMR LLC now owns 15,702,057 shares of the company's stock worth $644,098,000 after buying an additional 1,744,225 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Baker Hughes by 18.4% in the fourth quarter. Northern Trust Corp now owns 10,000,756 shares of the company's stock worth $410,231,000 after purchasing an additional 1,553,536 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of the transaction, the chief executive officer directly owned 667,593 shares of the company's stock, valued at $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Baker Hughes Price Performance

Shares of NASDAQ BKR opened at $43.75 on Tuesday. The stock has a fifty day simple moving average of $39.85 and a two-hundred day simple moving average of $40.92. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The firm has a market cap of $43.13 billion, a price-to-earnings ratio of 14.30, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $6.64 billion. During the same period in the prior year, the company earned $0.57 earnings per share. Baker Hughes's revenue was down 3.2% compared to the same quarter last year. Analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 5th. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BKR. Susquehanna increased their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a research note on Wednesday, July 30th. Royal Bank Of Canada lowered their price objective on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Seaport Res Ptn downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Finally, Industrial Alliance Securities set a $53.00 price objective on Baker Hughes in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $51.47.

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.

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