Allianz SE Makes New $51,000 Investment in BHP Group Limited (NYSE:BHP)

Allianz SE bought a new stake in BHP Group Limited (NYSE:BHP) in the fourth quarter, HoldingsChannel reports. The firm bought 1,037 shares of the mining company’s stock, valued at approximately $51,000.

Several other hedge funds also recently made changes to their positions in the company. Palogic Value Management L.P. boosted its holdings in shares of BHP Group by 0.5% during the 4th quarter. Palogic Value Management L.P. now owns 82,496 shares of the mining company’s stock valued at $4,028,000 after buying an additional 396 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in BHP Group by 19.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 22,347 shares of the mining company’s stock worth $1,091,000 after acquiring an additional 3,659 shares in the last quarter. Norges Bank purchased a new stake in BHP Group in the fourth quarter worth about $20,574,000. Summitry LLC increased its stake in shares of BHP Group by 22.8% during the fourth quarter. Summitry LLC now owns 4,158 shares of the mining company’s stock valued at $203,000 after purchasing an additional 771 shares in the last quarter. Finally, Guardian Partners Inc. purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $4,779,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 0.7 %

BHP Group stock opened at $48.58 on Tuesday. BHP Group Limited has a one year low of $47.30 and a one year high of $63.21. The business’s fifty day moving average is $49.98 and its 200 day moving average is $52.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock has a market capitalization of $123.19 billion, a PE ratio of 11.04 and a beta of 0.90.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued 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 payout ratio is 44.77%.

Analyst Upgrades and Downgrades

BHP has been the subject of a number of analyst reports. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group cut their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group has an average rating of “Buy” and a consensus target price of $53.00.

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.