BHP Group Limited (NYSE:BHP) Stake Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of BHP Group Limited (NYSE:BHP) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,883 shares of the mining company’s stock after acquiring an additional 2,044 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BHP Group were worth $629,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its position in BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after acquiring an additional 633,290 shares during the period. Wellington Management Group LLP boosted its position in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after acquiring an additional 642,765 shares during the period. FMR LLC boosted its position in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares during the period. XY Capital Ltd boosted its position in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a 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 for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $51.11 on Tuesday. The business has a fifty day simple moving average of $49.80 and a 200-day simple moving average of $53.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

BHP Group Cuts Dividend

The business also recently announced 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. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th.

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.