BHP Group Limited (NYSE:BHP) Shares Sold by Atomi Financial Group Inc.

Atomi Financial Group Inc. reduced its stake in BHP Group Limited (NYSE:BHP) by 16.0% in the third quarter, HoldingsChannel.com reports. The fund owned 17,735 shares of the mining company’s stock after selling 3,373 shares during the quarter. Atomi Financial Group Inc.’s holdings in BHP Group were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in BHP Group by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after buying an additional 551,575 shares during the last quarter. Wellington Management Group LLP grew its position in BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after purchasing an additional 1,395,940 shares during the last quarter. Bank of Montreal Can increased 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 valued at $134,442,000 after purchasing an additional 1,981,008 shares during the period. Westwood Global Investments LLC raised its holdings in shares of BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock valued at $69,664,000 after buying an additional 51,263 shares during the last quarter. Finally, Capital International Investors boosted its position in shares of BHP Group by 42.4% during the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after buying an additional 225,428 shares during the period. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on BHP shares. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $68.00 in a report on Friday, October 4th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

BHP opened at $58.41 on Wednesday. The business has a 50 day moving average price of $55.10 and a two-hundred day moving average price of $56.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company has a market capitalization of $147.95 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 3.52 and a beta of 0.96. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is 60.29%.

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