BHP Group Limited (NYSE:BHP) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in BHP Group Limited (NYSE:BHP - Free Report) by 269.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,358 shares of the mining company's stock after purchasing an additional 20,685 shares during the quarter. AQR Capital Management LLC's holdings in BHP Group were worth $1,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Grayhawk Investment Strategies Inc. acquired a new stake in BHP Group in the fourth quarter valued at approximately $428,000. Palogic Value Management L.P. lifted its position in BHP Group by 0.7% during the fourth quarter. Palogic Value Management L.P. now owns 82,295 shares of the mining company's stock worth $5,622,000 after buying an additional 587 shares in the last quarter. Scarborough Advisors LLC purchased a new position in BHP Group during the fourth quarter worth approximately $408,000. Centaurus Financial Inc. lifted its position in BHP Group by 11.6% during the fourth quarter. Centaurus Financial Inc. now owns 4,803 shares of the mining company's stock worth $328,000 after buying an additional 500 shares in the last quarter. Finally, Syon Capital LLC lifted its position in BHP Group by 14.0% during the fourth quarter. Syon Capital LLC now owns 43,024 shares of the mining company's stock worth $2,939,000 after buying an additional 5,279 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Up 0.1 %

Shares of BHP stock traded up $0.04 on Friday, hitting $58.95. The stock had a trading volume of 1,648,174 shares, compared to its average volume of 2,493,026. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The company's 50 day moving average price is $55.33 and its 200-day moving average price is $56.91.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were issued a $1.465 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from BHP Group's previous Semi-Annual dividend of $1.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. StockNews.com upgraded BHP Group from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 28th. Jefferies Financial Group downgraded BHP Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.