Bank Julius Baer & Co. Ltd Zurich Takes $8.80 Million Position in BHP Group Limited (NYSE:BHP)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in BHP Group Limited (NYSE:BHP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 163,306 shares of the mining company's stock, valued at approximately $8,795,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. XY Capital Ltd lifted its holdings in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after buying an additional 768,972 shares during the period. Wellington Management Group LLP lifted its holdings in 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 acquiring an additional 642,765 shares during the period. Fisher Asset Management LLC lifted its holdings in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the period. Raymond James Financial Inc. purchased a new position in BHP Group in the fourth quarter worth about $25,878,000. Finally, Chartwell Investment Partners LLC bought a new stake in shares of BHP Group during the 3rd quarter valued at about $9,830,000. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 2.8 %

NYSE:BHP traded down $1.40 during midday trading on Wednesday, hitting $48.39. The stock had a trading volume of 3,708,237 shares, compared to its average volume of 2,607,806. The stock has a 50-day moving average of $49.90 and a 200 day moving average of $52.82. The company has a market capitalization of $122.69 billion, a price-to-earnings ratio of 11.00 and a beta of 0.90. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

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BHP Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BHP shares. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Two research 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 company has a consensus rating of "Buy" and an average 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.