Charles Schwab Investment Management Inc. Boosts Stake in BHP Group Limited (NYSE:BHP)

Charles Schwab Investment Management Inc. increased its position in BHP Group Limited (NYSE:BHP) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 175,155 shares of the mining company’s stock after purchasing an additional 21,985 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BHP Group were worth $8,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in BHP Group during the 4th quarter valued at approximately $29,000. Versant Capital Management Inc purchased a new stake in BHP Group during the 4th quarter valued at approximately $40,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group during the 4th quarter valued at approximately $46,000. Newbridge Financial Services Group Inc. acquired a new position in BHP Group during the 4th quarter worth approximately $54,000. Finally, Rothschild Investment LLC increased its position in BHP Group by 119.4% during the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after purchasing an additional 708 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of NYSE:BHP opened at $49.23 on Monday. The business’s fifty day moving average price is $50.03 and its two-hundred day moving average price is $52.55. The stock has a market cap of $124.82 billion, a PE ratio of 11.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21.

BHP Group Cuts Dividend

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

Analyst Ratings Changes

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

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.