American Century Companies Inc. Has $31.39 Million Position in BHP Group Limited (NYSE:BHP)

American Century Companies Inc. increased its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 642,756 shares of the mining company's stock after acquiring an additional 57,097 shares during the quarter. American Century Companies Inc.'s holdings in BHP Group were worth $31,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its position in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after purchasing an additional 109,337 shares in the last quarter. FMR LLC grew its stake in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after acquiring an additional 129,908 shares during the period. JPMorgan Chase & Co. grew its position in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in BHP Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after buying an additional 22,677 shares during the period. Finally, Range Financial Group LLC purchased a new position in BHP Group during the fourth quarter worth approximately $1,301,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

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BHP Group Stock Down 1.7 %

NYSE BHP traded down $0.85 during trading on Wednesday, reaching $47.93. 3,710,458 shares of the company's stock were exchanged, compared to its average volume of 2,434,606. The company's fifty day simple moving average is $49.93 and its 200-day simple moving average is $52.36. BHP Group Limited has a fifty-two week low of $47.30 and a fifty-two week high of $63.21. The firm has a market capitalization of $121.54 billion, a PE ratio of 10.89 and a beta of 0.90. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

BHP Group Cuts Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on BHP. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group currently 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.