Corient Private Wealth LLC Trims Position in BHP Group Limited (NYSE:BHP)

Corient Private Wealth LLC cut its holdings in shares of BHP Group Limited (NYSE:BHP) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 376,713 shares of the mining company’s stock after selling 11,002 shares during the period. Corient Private Wealth LLC’s holdings in BHP Group were worth $18,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after purchasing an additional 109,337 shares during the period. FMR LLC grew its stake in BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares during the period. JPMorgan Chase & Co. grew its stake in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after purchasing an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after purchasing an additional 22,677 shares during the period. Finally, Range Financial Group LLC purchased a new stake in BHP Group in the fourth quarter worth $1,301,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BHP shares. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Two research 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 data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Trading Down 0.0 %

BHP Group stock opened at $50.55 on Wednesday. The company has a market capitalization of $128.17 billion, a price-to-earnings ratio of 11.49 and a beta of 0.90. 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 Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The business’s fifty day simple moving average is $49.98 and its two-hundred day simple moving average is $52.62.

BHP Group Cuts Dividend

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