BHP Group Limited (NYSE:BHP) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in BHP Group Limited (NYSE:BHP - Free Report) by 25.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,961 shares of the mining company's stock after selling 14,196 shares during the quarter. Truist Financial Corp's holdings in BHP Group were worth $2,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BHP. Sierra Ocean LLC purchased a new stake in shares of BHP Group during the fourth quarter worth about $29,000. Versant Capital Management Inc acquired a new stake in BHP Group during the fourth quarter worth approximately $40,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group in the 4th quarter worth approximately $46,000. Farmers & Merchants Investments Inc. acquired a new position in BHP Group in the 3rd quarter valued at $50,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group during the 4th quarter worth $54,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Trading Down 1.9 %

Shares of BHP stock traded down $0.94 during mid-day trading on Friday, reaching $48.43. The company's stock had a trading volume of 3,056,061 shares, compared to its average volume of 2,422,901. The company's 50 day simple moving average is $49.80 and its 200-day simple moving average is $53.02. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The firm has a market capitalization of $122.79 billion, a PE ratio of 11.01 and a beta of 0.95.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid 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 is presently 44.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BHP shares. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.