Suntrust Banks Inc. raised its stake in shares of BHP Group PLC (NYSE:BBL) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,456 shares of the mining company’s stock after buying an additional 10,325 shares during the period. Suntrust Banks Inc.’s holdings in BHP Group were worth $2,658,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in shares of BHP Group by 16.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 338,100 shares of the mining company’s stock valued at $14,870,000 after acquiring an additional 48,100 shares during the period. JPMorgan Chase & Co. grew its position in shares of BHP Group by 693.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 680,358 shares of the mining company’s stock valued at $29,922,000 after acquiring an additional 594,605 shares during the period. Renaissance Technologies LLC bought a new stake in shares of BHP Group during the 3rd quarter valued at $4,605,000. Trexquant Investment LP grew its position in shares of BHP Group by 910.8% during the 3rd quarter. Trexquant Investment LP now owns 71,798 shares of the mining company’s stock valued at $3,158,000 after acquiring an additional 64,695 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of BHP Group by 35.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,572 shares of the mining company’s stock valued at $1,114,000 after acquiring an additional 7,021 shares during the period. Institutional investors and hedge funds own 4.37% of the company’s stock.
A number of equities research analysts have recently issued reports on BBL shares. Zacks Investment Research downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. ValuEngine raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Goldman Sachs Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 12th. Finally, Societe Generale reissued a “hold” rating on shares of BHP Group in a research report on Thursday, March 7th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.00.
The company also recently announced a special dividend, which will be paid on Tuesday, March 26th. Investors of record on Friday, March 8th will be issued a $1.10 dividend. This represents a yield of 5.29%. The ex-dividend date of this dividend is Thursday, March 7th. BHP Group’s dividend payout ratio is currently 65.48%.
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BHP Group Company Profile
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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