Driehaus Capital Management LLC Reduces Position in BHP Group Limited (NYSE:BHP)

Driehaus Capital Management LLC lowered its position in shares of BHP Group Limited (NYSE:BHP) by 4.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,572 shares of the mining company’s stock after selling 654 shares during the quarter. Driehaus Capital Management LLC’s holdings in BHP Group were worth $760,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BHP. Sterling Capital Management LLC boosted its position in shares of BHP Group by 1.4% during the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company’s stock worth $677,000 after acquiring an additional 195 shares in the last quarter. Invesco Ltd. boosted its holdings in BHP Group by 1.8% in the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company’s stock valued at $544,000 after purchasing an additional 198 shares in the last quarter. Kovack Advisors Inc. increased its stake in BHP Group by 5.2% in the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company’s stock valued at $213,000 after purchasing an additional 215 shares during the last quarter. Essex Savings Bank lifted its position in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after buying an additional 219 shares during the last quarter. Finally, Passumpsic Savings Bank boosted its holdings in shares of BHP Group by 7.1% in the 4th quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company’s stock valued at $238,000 after buying an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.0 %

BHP stock opened at $48.67 on Friday. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. 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 company has a market cap of $123.42 billion, a price-to-earnings ratio of 11.06 and a beta of 0.86. The company has a fifty day moving average price of $47.68 and a 200 day moving average price of $50.07.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were paid 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 dividend payout ratio (DPR) is 44.77%.

Analyst Ratings Changes

BHP has been the topic of several research analyst reports. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus 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.