Atria Investments Inc Sells 9,436 Shares of BHP Group Limited (NYSE:BHP)

Atria Investments Inc lowered its holdings in BHP Group Limited (NYSE:BHP) by 55.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,695 shares of the mining company’s stock after selling 9,436 shares during the quarter. Atria Investments Inc’s holdings in BHP Group were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in BHP Group by 14.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,155 shares of the mining company’s stock valued at $8,553,000 after purchasing an additional 21,985 shares during the period. Schechter Investment Advisors LLC boosted its holdings in BHP Group by 18.9% in the 4th quarter. Schechter Investment Advisors LLC now owns 12,785 shares of the mining company’s stock valued at $624,000 after purchasing an additional 2,032 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in BHP Group in the 4th quarter valued at about $2,976,000. SBI Securities Co. Ltd. bought a new stake in BHP Group in the 4th quarter valued at about $1,197,000. Finally, Jones Financial Companies Lllp boosted its holdings in BHP Group by 34.0% in the 4th quarter. Jones Financial Companies Lllp now owns 30,114 shares of the mining company’s stock valued at $1,470,000 after purchasing an additional 7,641 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BHP. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Price Performance

BHP stock opened at $49.44 on Monday. The company has a 50 day simple moving average of $49.89 and a 200 day simple moving average of $52.69. The stock has a market cap of $125.36 billion, a price-to-earnings ratio of 11.24 and a beta of 0.90. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s dividend payout ratio is 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.