Allspring Global Investments Holdings LLC Has $629,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Allspring Global Investments Holdings LLC lifted its stake in shares of BHP Group Limited (NYSE:BHP) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,883 shares of the mining company’s stock after purchasing an additional 2,044 shares during the period. Allspring Global Investments Holdings LLC’s holdings in BHP Group were worth $629,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Fisher Asset Management LLC raised its position in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after buying an additional 633,290 shares during the period. Wellington Management Group LLP raised its position in BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the period. FMR LLC raised its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the period. XY Capital Ltd raised its position in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. raised its position in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of BHP stock opened at $51.11 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The stock’s 50-day moving average is $49.80 and its two-hundred day moving average is $53.13.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th.

Wall Street Analyst Weigh In

BHP has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price target 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. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average price target of $53.00.

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