Atria Investments Inc Has $376,000 Stake in BHP Group Limited (NYSE:BHP)

Atria Investments Inc trimmed its stake in shares of BHP Group Limited (NYSE:BHP) by 55.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,695 shares of the mining company’s stock after selling 9,436 shares during the period. Atria Investments Inc’s holdings in BHP Group were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sierra Ocean LLC acquired a new stake in BHP Group in the 4th quarter valued at $29,000. Versant Capital Management Inc acquired a new stake in BHP Group in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group in the 4th quarter valued at $46,000. Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the 4th quarter valued at $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BHP Group by 42.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after buying an additional 351 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group lowered 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. Finally, Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BHP Group presently has an average rating of “Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of BHP opened at $49.44 on Monday. The firm has a 50-day moving average of $49.89 and a 200-day moving average of $52.69. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The company has a market cap of $125.36 billion, a PE ratio of 11.24 and a beta of 0.90. 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 business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued 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 payout ratio is 44.77%.

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.