BHP Group Limited (NYSE:BHP) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its stake in shares of BHP Group Limited (NYSE:BHP) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,187 shares of the mining company’s stock after selling 10,826 shares during the quarter. US Bancorp DE’s holdings in BHP Group were worth $11,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fisher Asset Management LLC grew its stake in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after purchasing an additional 280,258 shares in the last quarter. SVB Wealth LLC acquired a new position in BHP Group during the 4th quarter worth $452,000. QRG Capital Management Inc. grew its stake in BHP Group by 19.0% during the 4th quarter. QRG Capital Management Inc. now owns 158,960 shares of the mining company’s stock worth $7,762,000 after purchasing an additional 25,348 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in BHP Group by 12.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 24,791 shares of the mining company’s stock worth $1,211,000 after purchasing an additional 2,697 shares in the last quarter. Finally, Kovack Advisors Inc. grew its stake in BHP Group by 5.2% during the 4th quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock worth $213,000 after purchasing an additional 215 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com cut 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Up 0.8 %

NYSE:BHP opened at $48.86 on Tuesday. The stock has a 50-day simple moving average of $49.79 and a 200-day simple moving average of $53.00. The stock has a market cap of $123.90 billion, a P/E ratio of 11.10 and a beta of 0.95. 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 quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a $1.00 dividend. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s dividend payout ratio (DPR) is presently 44.77%.

About BHP Group

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.