BHP Group Limited (NYSE:BHP) Stock Position Raised by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in BHP Group Limited (NYSE:BHP) by 3.1% in the 4th quarter, Holdings Channel reports. The fund owned 19,902,182 shares of the mining company’s stock after buying an additional 589,317 shares during the period. Fisher Asset Management LLC’s holdings in BHP Group were worth $1,359,518,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BHP. Allworth Financial LP raised its holdings in BHP Group by 12.7% in the 4th quarter. Allworth Financial LP now owns 1,441 shares of the mining company’s stock worth $98,000 after acquiring an additional 162 shares during the period. Mutual Advisors LLC raised its holdings in BHP Group by 3.1% in the 4th quarter. Mutual Advisors LLC now owns 5,541 shares of the mining company’s stock worth $379,000 after acquiring an additional 165 shares during the period. Parkside Financial Bank & Trust raised its holdings in BHP Group by 22.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock worth $61,000 after acquiring an additional 165 shares during the period. SVB Wealth LLC grew its position in BHP Group by 1.3% in the 4th quarter. SVB Wealth LLC now owns 13,040 shares of the mining company’s stock worth $891,000 after purchasing an additional 170 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its position in BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 1.3 %

Shares of NYSE BHP traded up $0.69 during trading on Thursday, reaching $55.69. The company had a trading volume of 746,678 shares, compared to its average volume of 2,608,244. BHP Group Limited has a 52 week low of $54.28 and a 52 week 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 business’s 50 day moving average price is $57.67 and its 200-day moving average price is $60.20.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Investors 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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BHP. Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. StockNews.com lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

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.