CIBC Private Wealth Group LLC Has $29.91 Million Holdings in BHP Group Limited (NYSE:BHP)

CIBC Private Wealth Group LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 614,004 shares of the mining company's stock after selling 64,868 shares during the period. CIBC Private Wealth Group LLC's holdings in BHP Group were worth $29,914,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in shares of BHP Group during the fourth quarter worth $29,000. Versant Capital Management Inc bought a new position in BHP Group during the fourth quarter worth about $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group during the 4th quarter worth about $46,000. Allianz SE bought a new stake in shares of BHP Group in the 4th quarter valued at about $51,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of BHP Group in the 4th quarter valued at approximately $54,000. Institutional investors own 3.79% of the company's stock.

BHP Group Stock Down 9.5 %

Shares of BHP Group stock traded down $4.41 on Friday, hitting $42.08. The company had a trading volume of 8,170,403 shares, compared to its average volume of 2,455,831. The stock has a 50-day moving average of $49.71 and a 200-day moving average of $52.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited has a twelve month low of $41.67 and a twelve month high of $63.21. The firm has a market capitalization of $106.69 billion, a P/E ratio of 9.56 and a beta of 0.90.

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BHP Group Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BHP shares. Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus 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.