TT Capital Management LLC Takes Position in BHP Group Limited (NYSE:BHP)

TT Capital Management LLC acquired a new stake in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,327 shares of the mining company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of BHP Group during the 4th quarter worth about $29,000. Versant Capital Management Inc acquired a new stake in BHP Group during the fourth quarter worth approximately $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group during the fourth quarter worth approximately $46,000. Allianz SE purchased a new stake in BHP Group in the 4th quarter worth approximately $51,000. Finally, Headlands Technologies LLC acquired a new position in BHP Group in the 4th quarter valued at $53,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BHP shares. Jefferies Financial Group dropped their target price 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. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $45.22 on Friday. The business has a 50-day moving average of $48.82 and a two-hundred day moving average of $51.65. The firm has a market capitalization of $114.65 billion, a PE ratio of 10.28 and a beta of 0.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21.

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. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is presently 44.77%.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.