QRG Capital Management Inc. Buys 25,348 Shares of BHP Group Limited (NYSE:BHP)

QRG Capital Management Inc. boosted its stake in BHP Group Limited (NYSE:BHP) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 158,960 shares of the mining company’s stock after buying an additional 25,348 shares during the quarter. QRG Capital Management Inc.’s holdings in BHP Group were worth $7,762,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of BHP Group in the 4th quarter valued at approximately $29,000. Versant Capital Management Inc bought a new position in BHP Group in the fourth quarter worth $40,000. Union Bancaire Privee UBP SA purchased a new position in BHP Group during the fourth quarter valued at $46,000. Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group during the 4th quarter valued at $54,000. Finally, Rothschild Investment LLC grew its position in shares of BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after buying an additional 708 shares during the period. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BHP has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP opened at $48.43 on Friday. The business has a fifty day moving average price of $49.80 and a 200-day moving average price of $53.03. 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 1-year low of $48.06 and a 1-year high of $63.21.

BHP Group Cuts Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%.

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.