Fisher Asset Management LLC Acquires 280,258 Shares of BHP Group Limited (NYSE:BHP)

Fisher Asset Management LLC lifted its holdings in BHP Group Limited (NYSE:BHP) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,225,134 shares of the mining company’s stock after purchasing an additional 280,258 shares during the period. Fisher Asset Management LLC’s holdings in BHP Group were worth $1,085,253,000 as of its most recent filing with the SEC.

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

BHP Group Price Performance

Shares of BHP opened at $48.43 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock’s 50-day moving average price is $49.80 and its 200 day moving average price is $53.03. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th.

Analyst Ratings Changes

Several equities analysts recently issued reports on BHP shares. Jefferies Financial Group lowered their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.00.

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