Jennison Associates LLC Takes Position in BHP Group Limited (NYSE:BHP)

Jennison Associates LLC acquired a new stake in BHP Group Limited (NYSE:BHP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 181,254 shares of the mining company's stock, valued at approximately $12,381,000.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC boosted its holdings in BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company's stock worth $31,749,000 after buying an additional 457,760 shares in the last quarter. XY Capital Ltd boosted its position in shares of BHP Group by 422.1% during the 4th quarter. XY Capital Ltd now owns 127,566 shares of the mining company's stock worth $8,714,000 after purchasing an additional 103,134 shares in the last quarter. Morgan Stanley boosted its position in shares of BHP Group by 2.8% during the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company's stock worth $267,084,000 after purchasing an additional 126,643 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of BHP Group by 44.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company's stock worth $170,274,000 after purchasing an additional 924,202 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new stake in shares of BHP Group during the 4th quarter worth $1,866,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Down 1.4 %

Shares of BHP stock traded down $0.78 during trading hours on Friday, hitting $56.43. 4,065,099 shares of the company were exchanged, compared to its average volume of 2,639,413. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The firm has a fifty day moving average of $57.93 and a 200 day moving average of $60.20.

BHP Group Cuts Dividend

The business also recently disclosed 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

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

About BHP Group

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.