BHP Group Limited (NYSE:BHP) Holdings Raised by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 1,898.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 707,405 shares of the mining company's stock after acquiring an additional 672,016 shares during the quarter. Balyasny Asset Management L.P.'s holdings in BHP Group were worth $34,543,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BHP. Fisher Asset Management LLC lifted its holdings 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 worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. Northern Trust Corp increased its stake in shares of BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after acquiring an additional 846,963 shares during the period. Marshall Wace LLP raised its holdings in BHP Group by 16.9% during the fourth quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after purchasing an additional 102,433 shares in the last quarter. American Century Companies Inc. lifted its position in BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after purchasing an additional 57,097 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Up 1.0 %

NYSE BHP traded up $0.50 on Friday, hitting $48.67. 2,170,874 shares of the company were exchanged, compared to its average volume of 2,548,789. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The firm has a market capitalization of $123.42 billion, a P/E ratio of 11.06 and a beta of 0.86. The company's 50 day moving average price is $47.68 and its 200-day moving average price is $50.07.

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 given a $1.00 dividend. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio (DPR) is presently 44.77%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, BHP Group currently has an average rating of "Buy" and a consensus 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.