BHP Group Limited (NYSE:BHP) Shares Sold by Nikko Asset Management Americas Inc.

Nikko Asset Management Americas Inc. reduced its position in BHP Group Limited (NYSE:BHP - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 88,734 shares of the mining company's stock after selling 13,272 shares during the quarter. Nikko Asset Management Americas Inc.'s holdings in BHP Group were worth $4,334,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after acquiring an additional 109,337 shares during the period. FMR LLC increased its position in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after purchasing an additional 129,908 shares during the period. JPMorgan Chase & Co. raised its stake 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BHP Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after buying an additional 22,677 shares during the period. Finally, Range Financial Group LLC purchased a new stake in shares of BHP Group in the fourth quarter valued at approximately $1,301,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

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BHP Group Price Performance

NYSE BHP traded down $0.09 during trading hours on Friday, reaching $49.23. The company's stock had a trading volume of 2,241,388 shares, compared to its average volume of 2,407,540. 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 company's 50-day moving average is $50.02 and its two-hundred day moving average is $52.58. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The stock has a market cap of $124.82 billion, a PE ratio of 11.19 and a beta of 0.90.

BHP Group Cuts Dividend

The firm also recently declared 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 is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's dividend payout ratio is presently 44.77%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BHP. Jefferies Financial Group reduced their target price on 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 shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, StockNews.com lowered 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 given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus 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.