Atria Investments Inc Has $376,000 Holdings in BHP Group Limited (NYSE:BHP)

Atria Investments Inc lessened its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 55.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,695 shares of the mining company's stock after selling 9,436 shares during the period. Atria Investments Inc's holdings in BHP Group were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BHP. Sierra Ocean LLC bought a new stake in shares of BHP Group in the 4th quarter worth approximately $29,000. Versant Capital Management Inc bought a new position in shares of BHP Group during the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group during the 4th quarter valued at about $46,000. Newbridge Financial Services Group Inc. bought a new stake in BHP Group in the fourth quarter valued at about $54,000. Finally, Rothschild Investment LLC raised its position in BHP Group by 119.4% in the fourth quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company's stock worth $64,000 after purchasing an additional 708 shares in the last quarter. Institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

BHP has been the topic of several analyst reports. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Finally, StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $53.00.

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BHP Group Price Performance

Shares of BHP stock traded down $0.76 during trading hours on Thursday, reaching $49.30. 1,607,965 shares of the company were exchanged, compared to its average volume of 2,407,580. 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. The stock's fifty day moving average is $50.01 and its two-hundred day moving average is $52.61. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%. BHP Group's payout ratio is 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.