Nikko Asset Management Americas Inc. Sells 13,272 Shares of BHP Group Limited (NYSE:BHP)

Nikko Asset Management Americas Inc. decreased its stake in BHP Group Limited (NYSE:BHP) by 13.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 88,734 shares of the mining company’s stock after selling 13,272 shares during the quarter. Nikko Asset Management Americas Inc.’s holdings in BHP Group were worth $4,334,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BHP. Sigma Planning Corp bought a new position in shares of BHP Group in the 3rd quarter valued at about $235,000. Huntington National Bank grew its holdings in shares of BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after acquiring an additional 203 shares in the last quarter. Adero Partners LLC bought a new position in shares of BHP Group in the 3rd quarter valued at about $243,000. AMG National Trust Bank bought a new position in shares of BHP Group in the 3rd quarter valued at about $215,000. Finally, Baron Wealth Management LLC bought a new position in shares of BHP Group in the 3rd quarter valued at about $206,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 1.6 %

Shares of BHP stock opened at $49.44 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The firm has a 50 day moving average price of $49.89 and a two-hundred day moving average price of $52.69. The company has a market capitalization of $125.36 billion, a PE ratio of 11.24 and a beta of 0.90.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BHP. Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two equities 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $53.00.

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