Nikko Asset Management Americas Inc. Has $4.33 Million Stake in BHP Group Limited (NYSE:BHP)

Nikko Asset Management Americas Inc. reduced its position in BHP Group Limited (NYSE:BHP) by 13.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,734 shares of the mining company’s stock after selling 13,272 shares during the period. Nikko Asset Management Americas Inc.’s holdings in BHP Group were worth $4,334,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BHP. Wellington Management Group LLP increased its stake in shares of BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the period. Fisher Asset Management LLC increased its stake in shares of BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after buying an additional 633,290 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BHP Group in the 4th quarter valued at $25,878,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of BHP Group in the 4th quarter valued at $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of BHP Group in the 4th quarter valued at $8,795,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BHP. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

BHP stock opened at $49.44 on Monday. The business’s 50-day moving average price is $49.89 and its two-hundred day moving average price is $52.69. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market cap of $125.36 billion, a PE ratio of 11.24 and a beta of 0.90. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio is presently 44.77%.

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.