Marks Group Wealth Management Inc Cuts Stock Holdings in BHP Group Limited (NYSE:BHP)

Marks Group Wealth Management Inc decreased its holdings in shares of BHP Group Limited (NYSE:BHP) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 12,921 shares of the mining company’s stock after selling 497 shares during the period. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $883,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC grew its holdings in shares of BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares in the last quarter. XY Capital Ltd boosted its stake in BHP Group by 422.1% in the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after buying an additional 103,134 shares in the last quarter. Morgan Stanley boosted its stake in BHP Group by 2.8% in the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after buying an additional 126,643 shares in the last quarter. Wellington Management Group LLP boosted its stake in BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after buying an additional 924,202 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new stake in BHP Group in the fourth quarter worth approximately $1,866,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.00.

BHP Group Stock Performance

Shares of NYSE:BHP traded up $0.03 during trading on Tuesday, reaching $58.54. 1,755,358 shares of the company traded hands, compared to its average volume of 2,594,122. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The business’s fifty day moving average is $57.99 and its 200-day moving average is $60.22.

BHP Group Cuts Dividend

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

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.