91,710 Shares in BHP Group Limited (NYSE:BHP) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in shares of BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 91,710 shares of the mining company's stock, valued at approximately $4,478,000.

A number of other large investors have also recently added to or reduced their stakes in BHP. Northern Trust Corp grew its position in BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares during the period. Raymond James Financial Inc. bought a new stake in BHP Group in the fourth quarter valued at about $25,878,000. Norges Bank bought a new stake in BHP Group in the fourth quarter valued at about $20,574,000. Finally, Fisher Asset Management LLC boosted its position in BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after buying an additional 280,258 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BHP shares. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. 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, BHP Group has a consensus rating of "Buy" and an average price target of $53.00.

BHP Group Trading Up 0.4%

Shares of NYSE BHP traded up $0.21 during midday trading on Thursday, reaching $50.51. The stock had a trading volume of 669,822 shares, compared to its average volume of 2,544,491. The firm has a market cap of $128.07 billion, a price-to-earnings ratio of 11.48 and a beta of 0.86. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company's 50 day moving average price is $47.67 and its 200 day moving average price is $49.99.

BHP Group Cuts Dividend

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

BHP Group Company 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.