LSV Asset Management Sells 2,600 Shares of BHP Group Limited (NYSE:BHP)

LSV Asset Management decreased its stake in BHP Group Limited (NYSE:BHP) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,100 shares of the mining company’s stock after selling 2,600 shares during the quarter. LSV Asset Management’s holdings in BHP Group were worth $5,403,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after acquiring an additional 924,202 shares during the period. Fisher Asset Management LLC boosted its position in shares of BHP Group by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after buying an additional 589,317 shares during the period. International Assets Investment Management LLC grew its stake in shares of BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after buying an additional 457,760 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of BHP Group by 128.4% during the 4th quarter. Natixis Advisors L.P. now owns 444,702 shares of the mining company’s stock worth $30,376,000 after acquiring an additional 249,991 shares during the last quarter. Finally, Jennison Associates LLC purchased a new position in BHP Group during the 4th quarter valued at $12,381,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 1.7 %

NYSE BHP opened at $56.49 on Thursday. 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 firm’s 50 day moving average price is $57.56 and its 200-day moving average price is $60.21.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $1.44 dividend. This represents a dividend yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Analyst Ratings Changes

A number of analysts have recently issued reports on BHP shares. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Finally, StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average 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.