Insigneo Advisory Services LLC Sells 957 Shares of BHP Group Limited (NYSE:BHP)

Insigneo Advisory Services LLC reduced its holdings in shares of BHP Group Limited (NYSE:BHP) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,276 shares of the mining company’s stock after selling 957 shares during the period. Insigneo Advisory Services LLC’s holdings in BHP Group were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BHP. Fisher Asset Management LLC lifted its stake in BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after buying an additional 280,258 shares during the period. American Century Companies Inc. grew its holdings in BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock worth $31,386,000 after purchasing an additional 57,097 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares during the period. Raymond James Financial Inc. bought a new position in shares of BHP Group during the 4th quarter worth about $25,878,000. Finally, Norges Bank acquired a new position in BHP Group during the 4th quarter worth approximately $20,574,000. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 2.1 %

BHP Group stock opened at $46.59 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market cap of $118.14 billion, a PE ratio of 10.59 and a beta of 0.85. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The firm’s 50-day simple moving average is $48.47 and its 200 day simple moving average is $51.29.

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 issued a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group’s dividend payout ratio is presently 44.77%.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of research reports. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their price target 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $53.00.

About BHP Group

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.