Naviter Wealth LLC Has $2.49 Million Stake in BHP Group Limited (NYSE:BHP)

Naviter Wealth LLC decreased its position in shares of BHP Group Limited (NYSE:BHP) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,026 shares of the mining company’s stock after selling 15,052 shares during the period. Naviter Wealth LLC’s holdings in BHP Group were worth $2,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its position in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after acquiring an additional 280,258 shares during the last quarter. Wellington Management Group LLP lifted its position 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 worth $348,041,000 after acquiring an additional 642,765 shares during the last quarter. FMR LLC lifted its position in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares during the last quarter. XY Capital Ltd lifted its position in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of BHP Group by 10.1% during the 3rd 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. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, 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. 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 stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

NYSE BHP opened at $50.17 on Friday. The stock has a market cap of $127.23 billion, a P/E ratio of 11.40 and a beta of 0.95. The company’s 50-day simple moving average is $49.86 and its 200 day simple moving average is $52.92. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be paid 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 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.