BHP Group Limited (NYSE:BHP) Shares Sold by Associated Banc Corp

Associated Banc Corp trimmed its stake in shares of BHP Group Limited (NYSE:BHP) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,569 shares of the mining company’s stock after selling 4,240 shares during the period. Associated Banc Corp’s holdings in BHP Group were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BHP. Sierra Ocean LLC acquired a new stake in BHP Group during the fourth quarter worth about $29,000. Versant Capital Management Inc acquired a new stake in BHP Group during the fourth quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group in the fourth quarter valued at approximately $46,000. Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the fourth quarter valued at approximately $54,000. Finally, Rothschild Investment LLC grew its holdings in BHP Group by 119.4% in the fourth quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock valued at $64,000 after purchasing an additional 708 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BHP has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, BHP Group currently has an average rating of “Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

NYSE BHP opened at $49.44 on Friday. The company has a market cap of $125.36 billion, a PE ratio of 11.24 and a beta of 0.90. The stock’s 50 day simple moving average is $49.89 and its 200-day simple moving average is $52.70. 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 company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders 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%.

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.