Captrust Financial Advisors Has $2.50 Million Position in BHP Group Limited (NYSE:BHP)

Captrust Financial Advisors cut its position in BHP Group Limited (NYSE:BHP) by 67.8% during the 4th quarter, HoldingsChannel reports. The firm owned 51,161 shares of the mining company’s stock after selling 107,649 shares during the quarter. Captrust Financial Advisors’ holdings in BHP Group were worth $2,498,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BHP. Sierra Ocean LLC acquired a new position in shares of BHP Group in the 4th quarter valued at $29,000. Union Bancaire Privee UBP SA bought a new position in BHP Group during the fourth quarter worth about $46,000. Allianz SE bought a new position in BHP Group during the fourth quarter worth about $51,000. Headlands Technologies LLC acquired a new position in BHP Group in the fourth quarter valued at about $53,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group in the fourth quarter worth about $54,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of research analyst reports. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Price Performance

BHP stock opened at $48.67 on Monday. The stock has a 50-day moving average price of $47.68 and a two-hundred day moving average price of $50.03. BHP Group Limited has a 1 year low of $39.73 and a 1 year high of $63.21. The stock has a market cap of $123.42 billion, a PE ratio of 11.06 and a beta of 0.86. 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 Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s payout ratio is presently 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.