BHP Group Limited (NYSE:BHP) Stake Raised by Northern Trust Corp

Northern Trust Corp lifted its position in BHP Group Limited (NYSE:BHP - Free Report) by 58.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,294,562 shares of the mining company's stock after acquiring an additional 846,963 shares during the quarter. Northern Trust Corp owned 0.09% of BHP Group worth $112,043,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BHP. Sierra Ocean LLC acquired a new position in BHP Group in the fourth quarter worth $29,000. Versant Capital Management Inc bought a new stake in shares of BHP Group during the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group during the fourth quarter worth about $46,000. Allianz SE bought a new position in BHP Group in the fourth quarter worth about $51,000. Finally, Headlands Technologies LLC bought a new position in shares of BHP Group during the fourth quarter valued at approximately $53,000. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BHP. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $53.00.

BHP Group Price Performance

Shares of BHP Group stock traded down $0.43 on Wednesday, hitting $48.40. The company had a trading volume of 2,395,323 shares, compared to its average volume of 2,531,980. The business has a 50-day simple moving average of $47.71 and a 200-day simple moving average of $50.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company has a market cap of $122.72 billion, a PE ratio of 11.00 and a beta of 0.86. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were given a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group's dividend payout ratio (DPR) is presently 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.