Bank of America Corp DE Has $130.97 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Bank of America Corp DE lessened its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,682,125 shares of the mining company's stock after selling 940,049 shares during the quarter. Bank of America Corp DE owned 0.11% of BHP Group worth $130,968,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its position in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after purchasing an additional 280,258 shares during the period. Northern Trust Corp boosted its stake in shares of BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after buying an additional 846,963 shares during the period. Marshall Wace LLP grew its stake in BHP Group by 16.9% in the fourth quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock valued at $34,669,000 after purchasing an additional 102,433 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of BHP Group by 9.7% during the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after acquiring an additional 57,097 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in BHP Group in the 4th quarter valued at approximately $25,878,000. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Up 0.4%

Shares of BHP Group stock traded up $0.21 during trading on Thursday, reaching $50.51. 630,299 shares of the company were exchanged, compared to its average volume of 2,544,300. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The business has a 50-day moving average price of $47.67 and a 200-day moving average price of $49.99. The firm has a market capitalization of $128.07 billion, a price-to-earnings ratio of 11.47 and a beta of 0.86.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders 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 presently 44.77%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BHP. Clarkson Capital upgraded 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 research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $53.00.

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.