NBT Bank N A NY Sells 226 Shares of BHP Group Limited (NYSE:BHP)

NBT Bank N A NY lessened its position in BHP Group Limited (NYSE:BHP) by 9.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,137 shares of the mining company’s stock after selling 226 shares during the period. NBT Bank N A NY’s holdings in BHP Group were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in 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 acquiring an additional 280,258 shares during the last quarter. Wellington Management Group LLP grew 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 last quarter. FMR LLC grew its stake in shares of BHP Group by 10.0% during the third 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. JPMorgan Chase & Co. grew its stake 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 valued at $37,271,000 after buying an additional 55,095 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of BHP Group during the fourth quarter valued at about $25,878,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 0.4 %

NYSE BHP opened at $49.81 on Wednesday. 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 stock has a market capitalization of $126.29 billion, a PE ratio of 11.32 and a beta of 0.90. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The business’s 50-day moving average is $49.90 and its 200 day moving average is $52.82.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BHP shares. 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 note on Friday, February 28th. Finally, Jefferies Financial Group reduced their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, BHP Group presently has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Company Profile

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.