86,347 Shares in BHP Group Limited (NYSE:BHP) Acquired by Summit Global Investments

Summit Global Investments acquired a new stake in shares of BHP Group Limited (NYSE:BHP) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 86,347 shares of the mining company’s stock, valued at approximately $4,216,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sierra Ocean LLC purchased a new position in shares of BHP Group during the fourth quarter worth $29,000. Versant Capital Management Inc purchased a new position in shares of BHP Group during the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group in the 4th quarter valued at about $46,000. Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group in the 4th quarter valued at about $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group decreased 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. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two research 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. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $53.00.

BHP Group Stock Performance

NYSE BHP opened at $49.23 on Friday. The stock has a market capitalization of $124.82 billion, a price-to-earnings ratio of 11.19 and a beta of 0.90. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. 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 stock has a 50-day moving average of $50.03 and a 200 day moving average of $52.54.

BHP Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%. BHP Group’s payout ratio is 44.77%.

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.