100,956 Shares in BHP Group Limited (NYSE:BHP) Bought by Bearing Point Capital LLC

Bearing Point Capital LLC bought a new position in shares of BHP Group Limited (NYSE:BHP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 100,956 shares of the mining company's stock, valued at approximately $4,930,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after acquiring an additional 109,337 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of BHP Group in the 3rd quarter valued at $114,000. Synovus Financial Corp increased its position in shares of BHP Group by 18.7% during the third quarter. Synovus Financial Corp now owns 7,423 shares of the mining company's stock worth $461,000 after buying an additional 1,168 shares during the period. Franklin Resources Inc. raised its stake in BHP Group by 17.4% during the third quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company's stock worth $18,807,000 after buying an additional 46,791 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after buying an additional 55,095 shares during the period. Institutional investors own 3.79% of the company's stock.

BHP Group Price Performance

BHP stock opened at $48.86 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company's 50-day moving average is $47.75 and its 200-day moving average is $50.35. The stock has a market capitalization of $123.90 billion, a PE ratio of 11.10 and a beta of 0.86. BHP Group Limited has a 1 year low of $39.73 and a 1 year high of $63.21.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a $1.00 dividend. The ex-dividend date was Friday, March 7th. This represents a yield of 4.8%. BHP Group's payout ratio is currently 44.77%.

Analysts Set New Price Targets

Several research firms have recently weighed in on BHP. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $53.00.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.

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