Atria Wealth Solutions Inc. Reduces Stock Position in BHP Group Limited (NYSE:BHP)

Atria Wealth Solutions Inc. lowered its position in shares of BHP Group Limited (NYSE:BHP) by 3.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,553 shares of the mining company’s stock after selling 516 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in BHP Group were worth $1,131,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Yousif Capital Management LLC raised its holdings in BHP Group by 7.1% in the 4th quarter. Yousif Capital Management LLC now owns 44,596 shares of the mining company’s stock worth $3,046,000 after purchasing an additional 2,940 shares in the last quarter. GAMMA Investing LLC bought a new position in BHP Group in the 4th quarter worth $200,000. Parkside Financial Bank & Trust raised its holdings in BHP Group by 22.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock worth $61,000 after purchasing an additional 165 shares in the last quarter. RWA Wealth Partners LLC bought a new position in BHP Group in the 4th quarter worth $297,000. Finally, Sage Mountain Advisors LLC bought a new position in BHP Group in the 4th quarter worth $252,000. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BHP. StockNews.com lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.00.

BHP Group Price Performance

Shares of BHP Group stock opened at $55.01 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $57.67 and a 200 day moving average of $60.20. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 5.2%.

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.