LMR Partners LLP Sells 15,311 Shares of BHP Group Limited (NYSE:BHP)

LMR Partners LLP lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 19.2% in the third quarter, Holdings Channel.com reports. The fund owned 64,547 shares of the mining company’s stock after selling 15,311 shares during the period. LMR Partners LLP’s holdings in BHP Group were worth $4,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. Westwood Global Investments LLC raised its stake in shares of BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after buying an additional 51,263 shares during the period. XY Capital Ltd raised its stake in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. Capital International Investors raised its stake in BHP Group by 42.4% during the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock valued at $43,685,000 after purchasing an additional 225,428 shares during the period. Finally, American Century Companies Inc. raised its stake in BHP Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 549,394 shares of the mining company’s stock valued at $31,365,000 after purchasing an additional 31,442 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and cut their price target for the company from $72.00 to $68.00 in a report on Friday, October 4th. Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Price Performance

BHP opened at $52.47 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The stock has a fifty day moving average price of $56.49 and a 200-day moving average price of $56.50.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a dividend of $1.465 per share. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. The ex-dividend date of this dividend was Friday, September 13th.

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.