22,373 Shares in BHP Group Limited (NYSE:BHP) Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC acquired a new position in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,373 shares of the mining company's stock, valued at approximately $1,092,000.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC lifted its stake in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. American Century Companies Inc. raised its holdings in shares of BHP Group by 9.7% in the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after buying an additional 57,097 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after buying an additional 55,095 shares during the period. Raymond James Financial Inc. bought a new stake in BHP Group in the fourth quarter valued at $25,878,000. Finally, Norges Bank acquired a new position in BHP Group during the fourth quarter worth $20,574,000. Institutional investors and hedge funds own 3.79% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on BHP shares. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a report on Friday, February 28th. 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $53.00.

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BHP Group Trading Up 2.3 %

BHP stock traded up $1.02 during midday trading on Monday, reaching $46.27. The company's stock had a trading volume of 703,680 shares, compared to its average volume of 2,975,763. The business's 50-day simple moving average is $48.82 and its 200-day simple moving average is $51.59. 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 52 week low of $39.73 and a 52 week high of $63.21. The stock has a market cap of $117.33 billion, a PE ratio of 10.52 and a beta of 0.85.

BHP Group Cuts Dividend

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

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.