BHP Group Limited (NYSE:BHP) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in BHP Group Limited (NYSE:BHP) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,969 shares of the mining company’s stock after selling 859 shares during the period. Keybank National Association OH’s holdings in BHP Group were worth $1,366,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC lifted its position in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after buying an additional 280,258 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after acquiring an additional 642,765 shares during the period. FMR LLC lifted its holdings in shares of BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares in the last quarter. XY Capital Ltd boosted its position in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

NYSE:BHP opened at $50.17 on Friday. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The stock has a market cap of $127.23 billion, a P/E ratio of 11.40 and a beta of 0.95. 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 $49.86 and a two-hundred day moving average of $52.92.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a 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.