Tokio Marine Asset Management Co. Ltd. Acquires 1,226 Shares of Baker Hughes (NASDAQ:BKR)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Baker Hughes (NASDAQ:BKR) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,064 shares of the company’s stock after acquiring an additional 1,226 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Baker Hughes were worth $891,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. DAVENPORT & Co LLC acquired a new position in Baker Hughes in the 3rd quarter valued at $201,000. Czech National Bank grew its stake in shares of Baker Hughes by 47.1% in the third quarter. Czech National Bank now owns 176,467 shares of the company’s stock worth $6,233,000 after purchasing an additional 56,506 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Baker Hughes by 2.4% in the third quarter. Asset Management One Co. Ltd. now owns 424,647 shares of the company’s stock worth $14,999,000 after purchasing an additional 10,083 shares during the last quarter. Simplicity Solutions LLC grew its stake in shares of Baker Hughes by 5.5% in the third quarter. Simplicity Solutions LLC now owns 20,586 shares of the company’s stock worth $727,000 after purchasing an additional 1,067 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Baker Hughes in the third quarter worth about $223,000. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BKR has been the topic of several recent analyst reports. Susquehanna reissued a “positive” rating and issued a $40.00 target price on shares of Baker Hughes in a research note on Monday, April 8th. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of Baker Hughes in a research note on Wednesday. Wolfe Research lowered Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. The Goldman Sachs Group lifted their price objective on Baker Hughes from $36.00 to $38.00 in a report on Tuesday. Finally, Citigroup cut their price objective on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average target price of $40.94.

Insider Buying and Selling

In related news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the sale, the senior vice president now directly owns 14,998 shares in the company, valued at $508,132.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $294,400.00. Following the sale, the senior vice president now directly owns 14,451 shares in the company, valued at $425,437.44. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Baker Hughes Price Performance

Shares of Baker Hughes stock opened at $32.84 on Friday. The stock’s 50-day simple moving average is $32.05 and its 200-day simple moving average is $32.54. Baker Hughes has a 52 week low of $26.81 and a 52 week high of $37.58. The company has a market capitalization of $32.87 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 0.63 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. As a group, analysts expect that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be given a $0.21 dividend. The ex-dividend date is Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.56%. Baker Hughes’s dividend payout ratio is currently 46.93%.

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.