Quadrant Capital Group LLC Buys 2,032 Shares of BHP Group Limited (NYSE:BHP)

Quadrant Capital Group LLC grew its stake in shares of BHP Group Limited (NYSE:BHP) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,680 shares of the mining company’s stock after purchasing an additional 2,032 shares during the quarter. Quadrant Capital Group LLC’s holdings in BHP Group were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in BHP Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after acquiring an additional 22,677 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of BHP Group in the third quarter worth about $227,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BHP Group by 42.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after purchasing an additional 351 shares during the period. Wellington Management Group LLP increased its stake in shares of 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. Finally, Kovitz Investment Group Partners LLC purchased a new position in BHP Group during the 3rd quarter valued at $648,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 9.5 %

Shares of NYSE BHP opened at $42.08 on Monday. BHP Group Limited has a 1 year low of $40.66 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. The firm has a 50-day moving average of $49.71 and a 200 day moving average of $52.23. The stock has a market cap of $106.69 billion, a P/E ratio of 9.56 and a beta of 0.90.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s payout ratio is 44.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BHP shares. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $53.00.

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.