Amundi Sells 6,608 Shares of BHP Group Limited (NYSE:BHP)

Amundi lowered its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,838 shares of the mining company's stock after selling 6,608 shares during the period. Amundi's holdings in BHP Group were worth $4,133,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BHP. Huntington National Bank raised its position in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after buying an additional 203 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of BHP Group by 5.2% in the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock worth $213,000 after buying an additional 215 shares in the last quarter. Essex Savings Bank raised its position in shares of BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock worth $365,000 after buying an additional 219 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock worth $373,000 after buying an additional 263 shares in the last quarter. Finally, Passumpsic Savings Bank raised its position in shares of BHP Group by 7.1% in the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock worth $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.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BHP shares. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Jefferies Financial Group lowered their price target 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. Finally, StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. 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, the stock has a consensus rating of "Buy" and an average target price of $53.00.

BHP Group Price Performance

NYSE BHP traded down $0.76 during trading hours on Thursday, reaching $49.30. 2,065,997 shares of the stock traded hands, compared to its average volume of 2,408,417. The stock has a 50 day simple moving average of $50.01 and a two-hundred day simple moving average of $52.61. BHP Group Limited has a 1 year low of $48.06 and a 1 year 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 $125.02 billion, a price-to-earnings ratio of 11.21 and a beta of 0.90.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio (DPR) is currently 44.77%.

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.