Bearing Point Capital LLC Buys New Position in BHP Group Limited (NYSE:BHP)

Bearing Point Capital LLC acquired a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 100,956 shares of the mining company's stock, valued at approximately $4,930,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BHP. Barclays PLC grew its position in BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after acquiring an additional 109,337 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of BHP Group during the 3rd quarter valued at about $114,000. Synovus Financial Corp lifted its position in BHP Group by 18.7% in the 3rd 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 last quarter. Franklin Resources Inc. boosted its stake in BHP Group by 17.4% in 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its position in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Up 1.0 %

NYSE BHP traded up $0.46 during trading hours on Friday, reaching $48.63. 1,502,529 shares of the company's stock traded hands, compared to its average volume of 2,538,338. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. 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 firm has a 50-day simple moving average of $47.70 and a 200 day simple moving average of $50.16. The firm has a market cap of $123.31 billion, a PE ratio of 11.05 and a beta of 0.86.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of analyst reports. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $53.00.

BHP Group Profile

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.