SVB Wealth LLC Purchases Shares of 9,254 BHP Group Limited (NYSE:BHP)

SVB Wealth LLC purchased a new stake in shares of 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 and Exchange Commission (SEC). The firm purchased 9,254 shares of the mining company's stock, valued at approximately $452,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after acquiring an additional 633,290 shares in the last quarter. Wellington Management Group LLP boosted its holdings in BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after purchasing an additional 642,765 shares during the last quarter. FMR LLC boosted its holdings in BHP Group by 10.0% in 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 during the last quarter. XY Capital Ltd boosted its holdings in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after purchasing an additional 768,972 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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 worth $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Institutional investors own 3.79% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently issued reports on BHP. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Jefferies Financial Group dropped their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Two 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. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $53.00.

BHP Group Price Performance

Shares of BHP stock traded down $0.52 on Friday, hitting $50.17. 3,737,877 shares of the stock traded hands, compared to its average volume of 2,407,023. 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 52 week low of $48.06 and a 52 week high of $63.21. The firm has a 50 day simple moving average of $49.86 and a two-hundred day simple moving average of $52.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

BHP Group Cuts Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group's payout ratio is 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.