Hsbc Holdings PLC raised its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 487.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,485 shares of the mining company's stock after purchasing an additional 25,297 shares during the period. Hsbc Holdings PLC's holdings in BHP Group were worth $1,491,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of BHP Group during the 4th quarter worth approximately $29,000. Versant Capital Management Inc acquired a new stake in shares of BHP Group in the 4th quarter worth $40,000. Union Bancaire Privee UBP SA acquired a new position in BHP Group during the 4th quarter valued at about $46,000. Allianz SE purchased a new stake in BHP Group in the fourth quarter valued at about $51,000. Finally, Headlands Technologies LLC acquired a new stake in BHP Group in the fourth quarter worth about $53,000. Institutional investors own 3.79% of the company's stock.
Analyst Ratings Changes
BHP has been the topic of several research analyst reports. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note 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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of "Buy" and an average target price of $53.00.
Get Our Latest Stock Analysis on BHP Group
BHP Group Trading Down 0.6 %
BHP stock traded down $0.30 during mid-day trading on Thursday, hitting $48.07. 888,312 shares of the company were exchanged, compared to its average volume of 2,527,691. The business has a fifty day simple moving average of $47.71 and a 200-day simple moving average of $50.22. The firm has a market capitalization of $121.89 billion, a P/E ratio of 10.93 and a beta of 0.86. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21. 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 Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued 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 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.
Featured Stories
Before you consider BHP Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BHP Group wasn't on the list.
While BHP Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
