Ritholtz Wealth Management Has $2.54 Million Position in BHP Group Limited (NYSE:BHP)

Ritholtz Wealth Management increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,185 shares of the mining company’s stock after acquiring an additional 6,926 shares during the period. Ritholtz Wealth Management’s holdings in BHP Group were worth $2,540,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings 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 purchasing an additional 5,632,545 shares during the last quarter. Norges Bank bought a new stake in shares of BHP Group during the fourth quarter worth approximately $174,257,000. Bank of America Corp DE raised its stake in shares of BHP Group by 33.2% during 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 buying an additional 938,755 shares during the last quarter. Wellington Management Group LLP grew its holdings in BHP Group by 44.7% during the third 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 during the period. Finally, Royal Bank of Canada grew its holdings in BHP Group by 96.4% during the first 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. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

NYSE BHP traded up $0.16 during mid-day trading on Thursday, hitting $57.69. The company’s stock had a trading volume of 2,658,637 shares, compared to its average volume of 2,530,431. The company’s 50 day simple moving average is $58.86 and its 200 day simple moving average is $59.94. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11. 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 Cuts Dividend

The company also recently disclosed 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. This represents a yield of 5.2%. The ex-dividend date of this dividend is Thursday, March 7th.

Analyst Upgrades and Downgrades

BHP has been the subject of several research analyst reports. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. StockNews.com lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.00.

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