BHP Group Limited (NYSE:BHP) Position Increased by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,809 shares of the mining company's stock after purchasing an additional 27,131 shares during the period. National Bank of Canada FI's holdings in BHP Group were worth $8,048,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent research reports. Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group reduced their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Two equities 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.com, the stock currently has an average rating of "Buy" and a consensus price target of $53.00.

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BHP Group Price Performance

BHP Group stock traded down $1.41 during midday trading on Thursday, hitting $42.94. The company's stock had a trading volume of 1,660,957 shares, compared to its average volume of 2,509,454. The stock's 50-day moving average price is $49.01 and its 200-day moving average price is $51.83. The company has a market capitalization of $108.88 billion, a PE ratio of 9.79 and a beta of 0.85. 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 $39.73 and a 12 month high of $63.21.

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%.

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.