National Bank of Canada FI Increases Holdings in BHP Group Limited (NYSE:BHP)

National Bank of Canada FI increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,923 shares of the mining company’s stock after purchasing an additional 7,267 shares during the quarter. National Bank of Canada FI’s holdings in BHP Group were worth $16,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its position 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 valued at $31,749,000 after buying an additional 457,760 shares during the last quarter. XY Capital Ltd increased its holdings in BHP Group by 422.1% in the 4th quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock valued at $8,714,000 after acquiring an additional 103,134 shares during the last quarter. Morgan Stanley lifted its stake in BHP Group by 2.8% in the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after purchasing an additional 126,643 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of BHP Group by 44.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after purchasing an additional 924,202 shares during the last quarter. Finally, Highland Capital Management LLC purchased a new position in shares of BHP Group during the fourth quarter valued at about $1,866,000. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

BHP Group Trading Up 1.1 %

BHP opened at $57.46 on Wednesday. BHP Group Limited has a 12 month low of $54.28 and a 12 month 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 of $57.56 and a 200 day moving average of $60.21.

BHP Group Cuts Dividend

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