UMB Bank n.a. Sells 19,029 Shares of BHP Group Limited (NYSE:BHP)

UMB Bank n.a. decreased its holdings in BHP Group Limited (NYSE:BHP) by 83.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,819 shares of the mining company’s stock after selling 19,029 shares during the period. UMB Bank n.a.’s holdings in BHP Group were worth $218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BHP. Norges Bank bought a new position in shares of BHP Group in the 4th quarter valued at $191,837,000. Wellington Management Group LLP increased its stake in shares of BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after purchasing an additional 1,395,940 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of BHP Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after purchasing an additional 589,317 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of BHP Group by 80.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock valued at $64,348,000 after purchasing an additional 420,550 shares during the last quarter. Finally, Cullen Capital Management LLC bought a new position in shares of BHP Group in the 4th quarter valued at $19,294,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Finally, Citigroup assumed coverage on BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

BHP Group Price Performance

BHP traded down $0.02 on Friday, reaching $55.11. The stock had a trading volume of 1,649,190 shares, compared to its average volume of 2,439,312. BHP Group Limited has a fifty-two week low of $51.73 and a fifty-two week high of $69.11. The firm has a 50-day moving average of $55.71 and a 200-day moving average of $57.24. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $139.59 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a $1.465 dividend. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is presently 56.35%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.