Pacer Advisors Inc. boosted its holdings in shares of BHP Group Ltd (NYSE:BHP) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,770 shares of the mining company’s stock after acquiring an additional 4,686 shares during the period. Pacer Advisors Inc.’s holdings in BHP Group were worth $5,454,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Millennium Management LLC raised its stake in shares of BHP Group by 405.6% in the 4th quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock valued at $88,844,000 after purchasing an additional 1,475,921 shares during the period. LMR Partners LLP raised its stake in shares of BHP Group by 544.5% in the 4th quarter. LMR Partners LLP now owns 1,690,965 shares of the mining company’s stock valued at $81,593,000 after purchasing an additional 1,428,611 shares during the period. Maven Securities LTD acquired a new stake in shares of BHP Group in the 4th quarter valued at about $61,559,000. Norges Bank acquired a new stake in shares of BHP Group in the 4th quarter valued at about $31,842,000. Finally, Segantii Capital Management Ltd raised its stake in shares of BHP Group by 1,008.6% in the 1st quarter. Segantii Capital Management Ltd now owns 283,800 shares of the mining company’s stock valued at $15,474,000 after purchasing an additional 258,200 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.
BHP has been the topic of several recent research reports. ValuEngine raised BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Goldman Sachs Group downgraded BHP Group from a “conviction-buy” rating to a “buy” rating in a research note on Monday, January 14th. CLSA downgraded BHP Group from an “outperform” rating to an “underperform” rating in a research note on Thursday, February 7th. Zacks Investment Research raised BHP Group from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday. Finally, Macquarie reaffirmed a “buy” rating on shares of BHP Group in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. BHP Group presently has an average rating of “Hold” and an average target price of $55.40.
The firm also recently declared a special dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a dividend of $1.10 per share. This represents a yield of 4.65%. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s dividend payout ratio (DPR) is presently 65.48%.
BHP Group Company Profile
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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