SBI Securities Co. Ltd. Invests $1.20 Million in BHP Group Limited (NYSE:BHP)

SBI Securities Co. Ltd. purchased a new position in BHP Group Limited (NYSE:BHP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,521 shares of the mining company's stock, valued at approximately $1,197,000.

A number of other large investors also recently modified their holdings of BHP. Barclays PLC lifted its stake in shares of BHP Group by 93.7% in the 3rd 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 raised its holdings in 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 purchasing an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. lifted its position in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after purchasing an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in BHP Group by 17.4% during 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 purchasing an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd increased its position in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

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BHP Group Trading Up 1.0 %

Shares of NYSE:BHP traded up $0.48 during midday trading on Friday, reaching $50.17. The company had a trading volume of 3,737,377 shares, compared to its average volume of 2,408,540. The company has a fifty day simple moving average of $49.84 and a two-hundred day simple moving average of $52.94. 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 firm has a market cap of $127.23 billion, a price-to-earnings ratio of 11.40 and a beta of 0.95. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21.

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 $1.00 dividend. 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%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHP. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $53.00.

BHP Group 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.