Hsbc Holdings PLC Purchases 25,297 Shares of BHP Group Limited (NYSE:BHP)

Hsbc Holdings PLC lifted its holdings in BHP Group Limited (NYSE:BHP) by 487.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,485 shares of the mining company’s stock after buying an additional 25,297 shares during the period. Hsbc Holdings PLC’s holdings in BHP Group were worth $1,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Sierra Ocean LLC bought a new stake in BHP Group in the fourth quarter worth approximately $29,000. Versant Capital Management Inc bought a new stake in shares of BHP Group in the 4th quarter valued at $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group during the 4th quarter valued at $46,000. Allianz SE bought a new position in BHP Group during the fourth quarter worth $51,000. Finally, Headlands Technologies LLC acquired a new stake in BHP Group in the fourth quarter worth $53,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Buy” and an average target price of $53.00.

BHP Group Trading Up 2.4 %

NYSE:BHP opened at $48.86 on Friday. 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 Limited has a one year low of $39.73 and a one year high of $63.21. The company has a market cap of $123.90 billion, a PE ratio of 11.10 and a beta of 0.86. The firm has a 50-day moving average of $47.75 and a 200-day moving average of $50.39.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were paid a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is presently 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.