Associated Banc Corp Buys 2,391 Shares of BHP Group Limited (NYSE:BHP)

Associated Banc Corp boosted its holdings in BHP Group Limited (NYSE:BHP) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,527 shares of the mining company’s stock after buying an additional 2,391 shares during the period. Associated Banc Corp’s holdings in BHP Group were worth $3,315,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BHP. Mckinley Capital Management LLC grew its holdings in shares of BHP Group by 2.0% during the 4th quarter. Mckinley Capital Management LLC now owns 9,613 shares of the mining company’s stock worth $657,000 after purchasing an additional 184 shares in the last quarter. Norges Bank acquired a new stake in BHP Group in the 4th quarter valued at $191,837,000. Brown Advisory Inc. boosted its stake in BHP Group by 4.8% in the 4th quarter. Brown Advisory Inc. now owns 15,661 shares of the mining company’s stock valued at $1,070,000 after buying an additional 720 shares in the last quarter. Westwood Global Investments LLC boosted its stake in BHP Group by 15.6% in the 4th quarter. Westwood Global Investments LLC now owns 1,154,297 shares of the mining company’s stock valued at $78,850,000 after buying an additional 155,425 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in BHP Group by 18.5% in the 4th quarter. Panagora Asset Management Inc. now owns 49,036 shares of the mining company’s stock valued at $3,350,000 after buying an additional 7,651 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BHP shares. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.00.

BHP Group Stock Up 0.4 %

Shares of BHP stock traded up $0.26 on Monday, reaching $61.73. 1,250,489 shares of the stock were exchanged, compared to its average volume of 2,541,678. BHP Group Limited has a one year low of $54.28 and a one year high of $69.11. 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 stock has a 50 day moving average price of $57.67 and a 200 day moving average price of $60.31.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%.

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