NewEdge Advisors LLC Has $2.10 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

NewEdge Advisors LLC reduced its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,899 shares of the mining company's stock after selling 23,584 shares during the quarter. NewEdge Advisors LLC's holdings in BHP Group were worth $2,095,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its holdings in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after acquiring an additional 109,337 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of BHP Group by 10.1% in the third 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 in the last quarter. Range Financial Group LLC bought a new position in BHP Group in the fourth quarter worth $1,301,000. FNY Investment Advisers LLC bought a new position in BHP Group in the fourth quarter worth $2,130,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in BHP Group in the fourth quarter worth $249,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP Group stock traded up $0.21 during mid-day trading on Monday, hitting $48.42. 2,349,904 shares of the company were exchanged, compared to its average volume of 2,522,448. 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 business has a fifty day moving average of $48.00 and a 200 day moving average of $50.57. BHP Group Limited has a 1-year low of $39.73 and a 1-year high of $63.21. The company has a market capitalization of $122.78 billion, a PE ratio of 11.00 and a beta of 0.85.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders 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 yield of 4.8%. BHP Group's dividend payout ratio is currently 44.77%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BHP. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Two equities 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 stock. According to data from MarketBeat.com, BHP Group presently has an average rating of "Buy" and an average target price of $53.00.

BHP Group 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.