Global Retirement Partners LLC Has $73,000 Stake in BHP Group Limited (NYSE:BHP)

Global Retirement Partners LLC trimmed its holdings in BHP Group Limited (NYSE:BHP) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,495 shares of the mining company’s stock after selling 512 shares during the period. Global Retirement Partners LLC’s holdings in BHP Group were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Huntington National Bank raised its stake in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after buying an additional 203 shares during the period. Essex Savings Bank raised its stake in BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after buying an additional 219 shares during the period. First Horizon Advisors Inc. increased its stake in shares of BHP Group by 4.6% during the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after purchasing an additional 263 shares during the period. Gleason Group Inc. increased its stake in shares of BHP Group by 2.4% during the fourth quarter. Gleason Group Inc. now owns 14,155 shares of the mining company’s stock worth $691,000 after purchasing an additional 333 shares during the period. Finally, Redwood Wealth Management Group LLC increased its stake in shares of BHP Group by 6.7% during the fourth quarter. Redwood Wealth Management Group LLC now owns 5,324 shares of the mining company’s stock worth $260,000 after purchasing an additional 335 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP Group stock opened at $48.43 on Friday. The stock’s fifty day moving average price is $49.80 and its two-hundred day moving average price is $53.03. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

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. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group lowered their target price 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $53.00.

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