Smartleaf Asset Management LLC Has $269,000 Holdings in BHP Group Limited (NYSE:BHP)

Smartleaf Asset Management LLC increased its stake in shares of BHP Group Limited (NYSE:BHP) by 29.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,508 shares of the mining company’s stock after acquiring an additional 1,242 shares during the period. Smartleaf Asset Management LLC’s holdings in BHP Group were worth $269,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Fisher Asset Management LLC grew its position in shares of BHP Group by 1.3% in 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 purchasing an additional 280,258 shares during the last quarter. Wellington Management Group LLP boosted its stake in BHP Group by 13.0% during 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 purchasing an additional 642,765 shares during the period. FMR LLC grew its holdings in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the last quarter. XY Capital Ltd increased its position in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after buying an additional 55,095 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of NYSE BHP opened at $50.76 on Thursday. The firm has a market capitalization of $128.70 billion, a price-to-earnings ratio of 11.54 and a beta of 0.95. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The business has a fifty day simple moving average of $49.82 and a 200 day simple moving average of $52.96. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BHP shares. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. 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 company. Based on data from MarketBeat, BHP Group 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.