Sei Investments Co. Decreases Position in BHP Group Limited (NYSE:BHP)

Sei Investments Co. decreased its holdings in BHP Group Limited (NYSE:BHP) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,226 shares of the mining company’s stock after selling 780 shares during the quarter. Sei Investments Co.’s holdings in BHP Group were worth $2,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BHP. Wellington Management Group LLP grew its holdings in shares of BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BHP Group during the 4th quarter valued at about $25,878,000. Fisher Asset Management LLC grew its stake in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock valued at $1,085,253,000 after purchasing an additional 280,258 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of BHP Group in the fourth quarter valued at about $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of BHP Group in the fourth quarter worth about $8,795,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on BHP shares. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Jefferies Financial Group cut their price objective 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, StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $53.00.

BHP Group Trading Down 9.5 %

BHP Group stock opened at $42.08 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market cap of $106.69 billion, a PE ratio of 9.56 and a beta of 0.90. The stock’s 50 day simple moving average is $49.71 and its two-hundred day simple moving average is $52.24. BHP Group Limited has a 12 month low of $41.67 and a 12 month high of $63.21.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a yield of 4.8%. BHP Group’s dividend payout ratio is presently 44.77%.

BHP Group Company 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.