Sumitomo Mitsui Trust Holdings Inc. Has $10.06 Million Holdings in BHP Group Limited (NYSE:BHP)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of BHP Group Limited (NYSE:BHP) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,246 shares of the mining company’s stock after selling 314 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in BHP Group were worth $10,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its holdings in shares of BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after purchasing an additional 174 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of BHP Group in the third quarter valued at approximately $37,000. NBC Securities Inc. acquired a new position in shares of BHP Group in the 3rd quarter worth approximately $41,000. GHP Investment Advisors Inc. bought a new stake in BHP Group during the 3rd quarter worth approximately $44,000. Finally, Headinvest LLC acquired a new stake in BHP Group during the 3rd quarter valued at $52,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 0.7 %

BHP Group stock opened at $58.51 on Tuesday. The business has a 50-day moving average of $57.99 and a 200-day moving average of $60.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were paid a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Analyst Ratings Changes

A number of research analysts recently issued reports on BHP shares. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and a consensus target price of $50.00.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.