Charles Schwab Investment Management Inc. Grows Stake in BHP Group Limited (NYSE:BHP)

Charles Schwab Investment Management Inc. lifted its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,155 shares of the mining company's stock after purchasing an additional 21,985 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in BHP Group were worth $8,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Sierra Ocean LLC bought a new position in shares of BHP Group in the 4th quarter worth approximately $29,000. Versant Capital Management Inc bought a new position in BHP Group in the fourth quarter worth approximately $40,000. Union Bancaire Privee UBP SA bought a new position in BHP Group in the fourth quarter worth approximately $46,000. Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group during the 4th quarter worth $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BHP Group by 42.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company's stock valued at $73,000 after acquiring an additional 351 shares during the period. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

BHP Group stock traded down $0.17 during midday trading on Thursday, reaching $49.65. 2,747,960 shares of the stock traded hands, compared to its average volume of 2,413,064. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The stock's fifty day moving average is $50.03 and its 200-day moving average is $52.49. The stock has a market cap of $125.91 billion, a P/E ratio of 11.29 and a beta of 0.90.

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BHP Group Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on BHP shares. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. 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. Finally, Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $53.00.

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.