Jefferies Financial Group Inc. Has $5.23 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Jefferies Financial Group Inc. cut its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 127,558 shares of the company's stock after selling 38,982 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Baker Hughes were worth $5,232,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Dynasty Wealth Management LLC grew its holdings in shares of Baker Hughes by 2.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after acquiring an additional 207 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares during the last quarter. Alpine Woods Capital Investors LLC grew its holdings in shares of Baker Hughes by 0.7% in the 4th quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after acquiring an additional 267 shares during the last quarter. Cromwell Holdings LLC grew its holdings in shares of Baker Hughes by 9.3% in the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock worth $130,000 after acquiring an additional 269 shares during the last quarter. Finally, Commerce Bank grew its holdings in shares of Baker Hughes by 1.0% during the fourth quarter. Commerce Bank now owns 31,075 shares of the company's stock valued at $1,275,000 after buying an additional 300 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKR. Susquehanna lowered their price target on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. TD Cowen lowered their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company lifted their price target on Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Citigroup lowered their price target on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their price objective on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Baker Hughes presently has an average rating of "Moderate Buy" and an average price target of $49.11.

Baker Hughes Stock Performance

BKR traded up $0.68 on Thursday, hitting $37.36. 5,824,417 shares of the stock traded hands, compared to its average volume of 7,086,210. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $37.01 billion, a PE ratio of 12.54, a P/E/G ratio of 2.00 and a beta of 0.96. The business has a fifty day moving average price of $38.26 and a two-hundred day moving average price of $41.86.

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

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a $0.23 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. Baker Hughes's dividend payout ratio is currently 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.