BHP Group Limited (NYSE:BHP) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in BHP Group Limited (NYSE:BHP - Free Report) by 19.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,960 shares of the mining company's stock after acquiring an additional 25,348 shares during the period. QRG Capital Management Inc.'s holdings in BHP Group were worth $7,762,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its position in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after purchasing an additional 109,337 shares in the last quarter. FMR LLC increased its stake in shares of BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after buying an additional 129,908 shares during the period. JPMorgan Chase & Co. raised its holdings in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after acquiring an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock worth $9,513,000 after acquiring an additional 22,677 shares during the last quarter. Finally, XY Capital Ltd grew its holdings in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after acquiring an additional 768,972 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BHP shares. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Finally, Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, BHP Group currently has a consensus rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Stock Up 1.6 %

NYSE:BHP traded up $0.78 during midday trading on Tuesday, hitting $49.62. 2,249,832 shares of the company were exchanged, compared to its average volume of 2,441,802. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company has a market capitalization of $125.83 billion, a PE ratio of 11.28 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $49.79 and a 200 day simple moving average of $53.00.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group's dividend payout ratio (DPR) is currently 44.77%.

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