Captrust Financial Advisors cut its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 67.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,161 shares of the mining company's stock after selling 107,649 shares during the quarter. Captrust Financial Advisors' holdings in BHP Group were worth $2,498,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in BHP. Sierra Ocean LLC bought a new stake in BHP Group in the 4th quarter worth about $29,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group in the fourth quarter worth approximately $46,000. Allianz SE purchased a new stake in BHP Group during the 4th quarter valued at $51,000. Headlands Technologies LLC bought a new position in shares of BHP Group during the 4th quarter valued at $53,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group in the fourth quarter worth $54,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BHP has been the subject of a number of recent research reports. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $53.00.
Check Out Our Latest Report on BHP Group
BHP Group Stock Performance
NYSE:BHP traded up $0.24 during mid-day trading on Thursday, hitting $50.54. 1,629,606 shares of the company traded hands, compared to its average volume of 2,548,200. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock's fifty day moving average price is $47.67 and its 200-day moving average price is $49.99. The firm has a market cap of $128.16 billion, a price-to-earnings ratio of 11.49 and a beta of 0.86. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21.
BHP Group Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio (DPR) is presently 44.77%.
About BHP Group
(
Free Report)
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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