Raymond James Financial Inc. acquired a new position in shares of BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 529,957 shares of the mining company's stock, valued at approximately $25,878,000.
A number of other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in BHP Group in the fourth quarter valued at about $29,000. Versant Capital Management Inc purchased a new position in shares of BHP Group during the fourth quarter worth $40,000. Union Bancaire Privee UBP SA purchased a new stake in shares of BHP Group in the 4th quarter valued at $46,000. Allianz SE acquired a new position in BHP Group during the 4th quarter worth about $51,000. Finally, Headlands Technologies LLC purchased a new stake in BHP Group during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 3.79% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently commented on BHP. Jefferies Financial Group lowered their price objective 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. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $53.00.
View Our Latest Research Report on BHP Group
BHP Group Stock Up 1.5 %
NYSE:BHP traded up $0.70 during midday trading on Thursday, hitting $49.08. 845,788 shares of the company were exchanged, compared to its average volume of 2,523,104. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a market capitalization of $124.46 billion, a PE ratio of 11.15 and a beta of 0.85. The company has a fifty day simple moving average of $48.18 and a 200 day simple moving average of $50.90.
BHP Group Cuts Dividend
The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were given a $1.00 dividend. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio (DPR) is presently 44.77%.
About BHP Group
(
Free Report)
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.
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