Mesirow Financial Investment Management Inc. Sells 6,932 Shares of BHP Group Limited (NYSE:BHP)

Mesirow Financial Investment Management Inc. trimmed its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,248 shares of the mining company's stock after selling 6,932 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in BHP Group were worth $500,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BHP. Haven Private LLC bought a new stake in shares of BHP Group in the fourth quarter valued at about $214,000. Pacific Heights Asset Management LLC lifted its stake in BHP Group by 56.3% in the 4th quarter. Pacific Heights Asset Management LLC now owns 250,000 shares of the mining company's stock valued at $12,208,000 after acquiring an additional 90,000 shares in the last quarter. West Family Investments Inc. lifted its stake in BHP Group by 24.5% in the 4th quarter. West Family Investments Inc. now owns 12,533 shares of the mining company's stock valued at $612,000 after acquiring an additional 2,464 shares in the last quarter. Callan Family Office LLC acquired a new position in BHP Group during the 4th quarter worth approximately $2,611,000. Finally, Hartford Funds Management Co LLC grew its stake in shares of BHP Group by 50.0% during the 4th quarter. Hartford Funds Management Co LLC now owns 11,391 shares of the mining company's stock worth $556,000 after acquiring an additional 3,797 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of BHP Group stock traded down $1.40 during trading on Wednesday, hitting $48.39. 3,708,237 shares of the stock were exchanged, compared to its average volume of 2,607,806. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The stock has a market capitalization of $122.69 billion, a price-to-earnings ratio of 11.00 and a beta of 0.90. The company has a fifty day moving average price of $49.90 and a 200-day moving average price of $52.82. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

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BHP Group Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's payout ratio is 44.77%.

Analyst Ratings Changes

Several brokerages recently commented on BHP. Jefferies Financial Group reduced their target price 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 upgraded BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target 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.