UMB Bank n.a. Has $3.64 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

UMB Bank n.a. lowered its position in shares of Baker Hughes (NASDAQ:BKR) by 0.4% in the first quarter, Holdings Channel reports. The institutional investor owned 82,920 shares of the company’s stock after selling 303 shares during the period. UMB Bank n.a.’s holdings in Baker Hughes were worth $3,644,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKR. JFS Wealth Advisors LLC increased its position in Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Baker Hughes during the 4th quarter worth approximately $30,000. Larson Financial Group LLC increased its holdings in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $45,000. Finally, OFI Invest Asset Management bought a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. TD Securities lowered their price objective on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley reduced their target price on Baker Hughes from $55.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, May 16th. Benchmark restated a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a research report on Tuesday, February 11th. Susquehanna dropped their price target on Baker Hughes from $48.00 to $46.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Finally, Citigroup reduced their price objective 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. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.11.

Baker Hughes Stock Up 2.0%

BKR stock opened at $37.90 on Monday. The firm has a 50-day moving average price of $37.30 and a 200-day moving average price of $41.53. Baker Hughes has a 12 month low of $30.93 and a 12 month 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 stock has a market capitalization of $37.55 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91.

Baker Hughes (NASDAQ:BKR) last issued 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 business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. As a group, equities research analysts anticipate that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes’s 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.