Intrust Bank NA Lowers Stake in BHP Group Limited (NYSE:BHP)

Intrust Bank NA trimmed its position in BHP Group Limited (NYSE:BHP) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,013 shares of the mining company’s stock after selling 376 shares during the quarter. Intrust Bank NA’s holdings in BHP Group were worth $342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fisher Asset Management LLC increased its holdings in BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after purchasing an additional 280,258 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after purchasing an additional 642,765 shares during the period. FMR LLC grew its holdings in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after purchasing an additional 129,908 shares in the last quarter. American Century Companies Inc. increased its stake in BHP Group by 9.7% during the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock worth $31,386,000 after buying an additional 57,097 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after buying an additional 55,095 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Down 1.4 %

NYSE:BHP opened at $48.95 on Monday. The company has a market cap of $124.12 billion, a PE ratio of 11.12 and a beta of 0.90. The business’s 50 day moving average is $50.01 and its two-hundred day moving average is $52.46. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52 week low of $47.73 and a 52 week high of $63.21.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s dividend payout ratio is presently 44.77%.

Analyst Upgrades and Downgrades

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

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.