Schroder Investment Management Group Purchases 1,648 Shares of BHP Group Limited (NYSE:BHP)

Schroder Investment Management Group raised its position in BHP Group Limited (NYSE:BHP) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,750 shares of the mining company’s stock after acquiring an additional 1,648 shares during the period. Schroder Investment Management Group’s holdings in BHP Group were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kovack Advisors Inc. increased its holdings in shares of BHP Group by 5.2% during the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock valued at $213,000 after acquiring an additional 215 shares in the last quarter. Essex Savings Bank increased its stake in BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares in the last quarter. Passumpsic Savings Bank increased its stake in BHP Group by 7.1% during the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock valued at $238,000 after purchasing an additional 325 shares in the last quarter. Gleason Group Inc. raised its holdings in shares of BHP Group by 2.4% in the fourth quarter. Gleason Group Inc. now owns 14,155 shares of the mining company’s stock worth $691,000 after buying an additional 333 shares during the last quarter. Finally, Redwood Wealth Management Group LLC lifted its stake in shares of BHP Group by 6.7% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,324 shares of the mining company’s stock worth $260,000 after buying an additional 335 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BHP. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Price Performance

Shares of BHP opened at $42.32 on Tuesday. The business’s 50-day moving average is $49.56 and its two-hundred day moving average is $52.14. The company has a market capitalization of $107.30 billion, a P/E ratio of 9.62 and a beta of 0.85. BHP Group Limited has a fifty-two week low of $41.15 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

The business also recently declared 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 is currently 44.77%.

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