BHP Group Limited (NYSE:BHP) Shares Bought by Malaga Cove Capital LLC

Malaga Cove Capital LLC raised its position in BHP Group Limited (NYSE:BHP - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,790 shares of the mining company's stock after purchasing an additional 5,193 shares during the period. Malaga Cove Capital LLC's holdings in BHP Group were worth $722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its position in shares of BHP Group by 1.3% in 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 last quarter. Northern Trust Corp grew its position in shares of BHP Group by 58.5% in 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 last quarter. Marshall Wace LLP grew its position in shares of BHP Group by 16.9% in the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock valued at $34,669,000 after buying an additional 102,433 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of BHP Group by 1,898.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after buying an additional 672,016 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of BHP Group by 9.7% in the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock valued at $31,386,000 after buying an additional 57,097 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BHP has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Two research 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's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $53.00.

BHP Group Stock Performance

NYSE:BHP traded down $0.02 during trading hours on Friday, reaching $50.51. 3,264,795 shares of the company's stock were exchanged, compared to its average volume of 2,555,358. The firm has a market capitalization of $128.09 billion, a price-to-earnings ratio of 11.48 and a beta of 0.86. The company has a 50-day moving average of $47.71 and a 200 day moving average of $49.90. 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 1-year low of $39.73 and a 1-year high of $63.21.

BHP Group Cuts Dividend

The firm also recently declared 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. This represents a 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.