BHP Group Limited (NYSE:BHP) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of BHP Group Limited (NYSE:BHP) by 16.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 260,875 shares of the mining company’s stock after selling 52,454 shares during the period. Rockefeller Capital Management L.P.’s holdings in BHP Group were worth $12,742,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in BHP Group by 1.4% during the fourth quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company’s stock worth $677,000 after purchasing an additional 195 shares during the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of BHP Group by 84.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 8,500 shares of the mining company’s stock valued at $415,000 after buying an additional 3,899 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BHP Group during the 4th quarter worth $25,878,000. Invesco Ltd. raised its position in shares of BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company’s stock worth $544,000 after buying an additional 198 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in BHP Group by 10.9% in the fourth quarter. Quadrant Capital Group LLC now owns 20,680 shares of the mining company’s stock valued at $1,010,000 after acquiring an additional 2,032 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BHP. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group cut their target price on shares of 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $46.30 on Wednesday. The company has a market cap of $117.39 billion, a P/E ratio of 10.52 and a beta of 0.85. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21. The business’s 50-day simple moving average is $48.65 and its 200 day simple moving average is $51.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

BHP Group Cuts Dividend

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

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.