BHP Group Limited (NYSE:BHP) Position Boosted by Financial Management Professionals Inc.

Financial Management Professionals Inc. boosted its holdings in BHP Group Limited (NYSE:BHPFree Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,393 shares of the mining company’s stock after acquiring an additional 616 shares during the quarter. Financial Management Professionals Inc.’s holdings in BHP Group were worth $300,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BHP. Arrowstreet Capital Limited Partnership increased its stake in BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock valued at $798,672,000 after buying an additional 5,632,545 shares during the period. Norges Bank bought a new stake in BHP Group during the fourth quarter worth approximately $174,257,000. Bank of America Corp DE lifted its position in BHP Group by 33.2% in the first quarter. Bank of America Corp DE now owns 3,768,982 shares of the mining company’s stock worth $238,991,000 after purchasing an additional 938,755 shares during the period. Wellington Management Group LLP boosted its stake in BHP Group by 44.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after purchasing an additional 924,202 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of BHP Group by 96.4% during the 1st quarter. Royal Bank of Canada now owns 1,463,194 shares of the mining company’s stock valued at $113,033,000 after purchasing an additional 718,247 shares during the period.

BHP Group Stock Performance

NYSE BHP traded up $0.11 on Thursday, reaching $57.89. The stock had a trading volume of 1,784,073 shares, compared to its average volume of 2,547,674. The business has a 50 day moving average price of $59.38 and a 200 day moving average price of $59.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be issued a dividend of $1.44 per share. The ex-dividend date is Thursday, March 7th. This represents a yield of 5.2%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, BHP Group presently has an average rating of “Hold” and an average target price of $50.00.

Read Our Latest Stock Report on BHP Group

BHP Group Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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