JPMorgan Chase & Co. Sells 132,153 Shares of BHP Group Limited (NYSE:BHP)

JPMorgan Chase & Co. lessened its stake in BHP Group Limited (NYSE:BHP - Free Report) by 22.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 467,933 shares of the mining company's stock after selling 132,153 shares during the quarter. JPMorgan Chase & Co.'s holdings in BHP Group were worth $22,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after acquiring an additional 280,258 shares during the period. American Century Companies Inc. raised its holdings in BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock worth $31,386,000 after purchasing an additional 57,097 shares during the period. Raymond James Financial Inc. bought a new position in shares of BHP Group during the fourth quarter worth $25,878,000. Franklin Resources Inc. grew its holdings in shares of BHP Group by 17.4% in the 3rd quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company's stock valued at $18,807,000 after buying an additional 46,791 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of BHP Group by 9.9% in the 4th quarter. Natixis Advisors LLC now owns 287,804 shares of the mining company's stock valued at $14,054,000 after buying an additional 26,013 shares in the last quarter. Institutional investors own 3.79% of the company's stock.

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BHP Group Stock Up 0.6 %

BHP Group stock traded up $0.30 during midday trading on Tuesday, reaching $46.59. The stock had a trading volume of 293,203 shares, compared to its average volume of 2,984,381. BHP Group Limited has a 1-year low of $39.73 and a 1-year high of $63.21. 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 firm's fifty day simple moving average is $48.74 and its 200-day simple moving average is $51.48. The stock has a market capitalization of $118.14 billion, a P/E ratio of 10.59 and a beta of 0.85.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued 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%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BHP shares. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. 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. Finally, StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, BHP Group presently 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.