GAM Holding AG Invests $363,000 in Baker Hughes A GE Co (BHGE) Stock

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GAM Holding AG purchased a new position in Baker Hughes A GE Co (NYSE:BHGE) during the 2nd quarter, Holdings Channel reports. The firm purchased 11,000 shares of the company’s stock, valued at approximately $363,000.

A number of other institutional investors have also bought and sold shares of BHGE. Toronto Dominion Bank boosted its stake in Baker Hughes A GE by 23.8% in the 1st quarter. Toronto Dominion Bank now owns 226,710 shares of the company’s stock worth $6,294,000 after purchasing an additional 43,541 shares during the period. Strs Ohio boosted its stake in Baker Hughes A GE by 18.4% in the 2nd quarter. Strs Ohio now owns 1,231,702 shares of the company’s stock worth $40,683,000 after purchasing an additional 191,275 shares during the period. LMR Partners LLP boosted its stake in Baker Hughes A GE by 137.1% in the 2nd quarter. LMR Partners LLP now owns 70,822 shares of the company’s stock worth $2,339,000 after purchasing an additional 40,955 shares during the period. DnB Asset Management AS acquired a new position in Baker Hughes A GE in the 2nd quarter worth approximately $1,737,000. Finally, BP PLC acquired a new position in Baker Hughes A GE in the 2nd quarter worth approximately $1,652,000. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Shares of NYSE:BHGE opened at $31.67 on Thursday. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 84.54, a P/E/G ratio of 5.69 and a beta of 0.72. Baker Hughes A GE Co has a 12-month low of $25.53 and a 12-month high of $38.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.90 and a quick ratio of 1.36.

Baker Hughes A GE (NYSE:BHGE) last issued its earnings results on Friday, July 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.57 billion. Baker Hughes A GE had a negative net margin of 0.37% and a positive return on equity of 0.43%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. equities analysts forecast that Baker Hughes A GE Co will post 0.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Tuesday, August 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, August 13th. Baker Hughes A GE’s payout ratio is presently 138.46%.

In related news, insider Matthias L. Heilmann sold 12,000 shares of Baker Hughes A GE stock in a transaction on Monday, August 6th. The shares were sold at an average price of $34.00, for a total value of $408,000.00. Following the completion of the sale, the insider now owns 3,743 shares of the company’s stock, valued at approximately $127,262. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kurt Camilleri sold 2,513 shares of Baker Hughes A GE stock in a transaction on Monday, August 6th. The shares were sold at an average price of $34.00, for a total transaction of $85,442.00. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

BHGE has been the subject of a number of recent analyst reports. B. Riley raised shares of Baker Hughes A GE from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $42.00 in a research note on Monday, August 20th. Barclays reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Baker Hughes A GE in a research note on Thursday, July 26th. Citigroup raised their price objective on shares of Baker Hughes A GE from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Baker Hughes A GE in a research note on Monday, July 23rd. Finally, SunTrust Banks raised shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $39.00 in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company’s stock. Baker Hughes A GE has an average rating of “Hold” and a consensus price target of $37.31.

About Baker Hughes A GE

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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