Hsbc Holdings PLC Purchases 25,297 Shares of BHP Group Limited (NYSE:BHP)

Hsbc Holdings PLC grew its position in shares of BHP Group Limited (NYSE:BHP) by 487.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,485 shares of the mining company’s stock after buying an additional 25,297 shares during the period. Hsbc Holdings PLC’s holdings in BHP Group were worth $1,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in BHP Group by 1.4% in the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company’s stock valued at $677,000 after acquiring an additional 195 shares in the last quarter. Invesco Ltd. lifted its position in BHP Group by 1.8% during the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company’s stock worth $544,000 after purchasing an additional 198 shares during the period. Kovack Advisors Inc. grew its stake in BHP Group by 5.2% during the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock worth $213,000 after buying an additional 215 shares in the last quarter. Essex Savings Bank raised its position in shares of BHP Group by 3.0% in the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after buying an additional 219 shares in the last quarter. Finally, Passumpsic Savings Bank lifted its holdings in shares of BHP Group by 7.1% during the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock worth $238,000 after acquiring an additional 325 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 2.4 %

Shares of BHP opened at $48.86 on Friday. The stock has a fifty day moving average of $47.75 and a 200-day moving average of $50.39. BHP Group Limited has a 52 week low of $39.73 and a 52 week high of $63.21. The stock has a market capitalization of $123.90 billion, a price-to-earnings ratio of 11.10 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were given 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 presently 44.77%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group reduced their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company 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.