BHP Group Limited (NYSE:BHP) Holdings Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 13.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,871 shares of the mining company's stock after selling 6,878 shares during the period. Advisors Asset Management Inc.'s holdings in BHP Group were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised 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 buying an additional 109,337 shares in the last quarter. FMR LLC raised its holdings in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. lifted its position in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after purchasing an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in BHP Group by 17.4% during 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 purchasing an additional 22,677 shares in the last quarter. Finally, Range Financial Group LLC acquired a new position in shares of BHP Group during the 4th quarter valued at $1,301,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

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BHP Group Trading Up 0.4 %

BHP traded up $0.19 during trading on Wednesday, reaching $49.84. The company had a trading volume of 2,667,413 shares, compared to its average volume of 2,412,065. The firm's 50-day simple moving average is $50.03 and its 200 day simple moving average is $52.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market cap of $126.37 billion, a price-to-earnings ratio of 11.33 and a beta of 0.90. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21.

BHP Group Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHP. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their target price on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report 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 MarketBeat, BHP Group presently has an average rating of "Buy" and an average 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.