1 week Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its position in BHP Group Limited (NYSE:BHP – Free Report) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 467,933 shares of the mining company’s stock after selling 132,153 shares during the period. JPMorgan Chase & Co.’s holdings in BHP Group were worth $22,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of BHP Group by 93.7% in the 3rd quarter.
Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after purchasing an additional 109,337 shares during the period. Range Financial Group LLC purchased a new stake in BHP Group during the 4th quarter worth approximately $1,301,000. FNY Investment Advisers LLC acquired a new position in shares of BHP Group during the fourth quarter valued at approximately $2,130,000.
Fifth Third Wealth Advisors LLC purchased a new position in BHP Group in the 4th quarter valued at $249,000. Finally, Ballentine Partners LLC lifted its stake in shares of BHP Group by 85.3% in the fourth quarter.
Ballentine Partners LLC now owns 13,815 shares of the mining company’s stock worth $675,000 after buying an additional 6,359 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.
BHP Group Stock PerformanceShares of BHP opened at $44.35 on Thursday. The company has a quick ratio of 1.
25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.
BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21.
The stock has a 50 day moving average price of $49.01 and a 200 day moving average price of $51.83.
The company has a market capitalization of $112.47 billion, a price-to-earnings ratio of 10.08 and a beta of 0.
85. BHP Group Cuts DividendThe company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were paid a $1.
00 dividend. 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%.
Analysts Set New Price TargetsA number of brokerages recently commented on BHP. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.
Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, 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. 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. According to MarketBeat.
com, BHP Group has an average rating of “Buy” and an average target price of $53.00.Check Out Our Latest Report on BHP GroupBHP Group Profile (Free Report)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.Featured StoriesFive stocks we like better than BHP GroupRoth IRA Calculator: Calculate Your Potential ReturnsQuantum Computing: The $6.
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