Desjardins Global Asset Management Inc. Invests $2.25 Million in BHP Group Limited (NYSE:BHP)

Desjardins Global Asset Management Inc. purchased a new position in shares of BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,888 shares of the mining company's stock, valued at approximately $2,247,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Salem Investment Counselors Inc. raised its stake in shares of BHP Group by 110.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company's stock worth $26,000 after buying an additional 241 shares in the last quarter. Covestor Ltd bought a new stake in BHP Group in the first quarter worth about $26,000. Russell Investments Group Ltd. bought a new stake in BHP Group in the first quarter worth about $27,000. Coppell Advisory Solutions LLC acquired a new stake in BHP Group in the 2nd quarter valued at about $33,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of BHP Group during the 4th quarter valued at about $34,000. Institutional investors own 3.79% of the company's stock.

BHP Group Trading Up 2.5 %

NYSE:BHP traded up $1.45 during trading hours on Wednesday, hitting $58.41. 3,438,657 shares of the stock traded hands, compared to its average volume of 2,619,136. The firm has a 50 day moving average price of $58.16 and a 200 day moving average price of $60.13. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were issued a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%.

Analyst Upgrades and Downgrades

BHP has been the subject of several recent research reports. Liberum Capital reissued a "hold" rating on shares of BHP Group in a research note on Tuesday, March 5th. StockNews.com lowered BHP Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 21st. Finally, Citigroup raised BHP Group from a "neutral" rating to a "buy" rating in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, BHP Group has a consensus rating of "Hold" and an average price target of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.