Strategic Global Advisors LLC Has $1.34 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Strategic Global Advisors LLC raised its position in BHP Group Limited (NYSE:BHP) by 55.5% in the 4th quarter, HoldingsChannel reports. The fund owned 27,497 shares of the mining company’s stock after purchasing an additional 9,812 shares during the period. Strategic Global Advisors LLC’s holdings in BHP Group were worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BHP. Northern Trust Corp boosted its position in shares of BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock valued at $112,043,000 after acquiring an additional 846,963 shares in the last quarter. Balyasny Asset Management L.P. raised its position in BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company’s stock worth $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Raymond James Financial Inc. bought a new position in BHP Group during the fourth quarter worth about $25,878,000. Norges Bank bought a new position in BHP Group during the fourth quarter worth about $20,574,000. Finally, Fisher Asset Management LLC boosted its holdings in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after purchasing an additional 280,258 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

BHP has been the subject of a number of recent research reports. Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two research 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 company. According to MarketBeat.com, BHP Group currently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Trading Down 0.0%

Shares of BHP stock opened at $50.51 on Friday. The company has a market capitalization of $128.09 billion, a P/E ratio of 11.48 and a beta of 0.86. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $47.71 and a 200 day moving average price of $49.85.

BHP Group Cuts Dividend

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