Northern Trust Corp Has $65.01 Million Position in BHP Group PLC (BBL)

Share on StockTwits

Northern Trust Corp boosted its position in shares of BHP Group PLC (NYSE:BBL) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,551,944 shares of the mining company’s stock after buying an additional 67,179 shares during the quarter. Northern Trust Corp’s holdings in BHP Group were worth $65,011,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its holdings in BHP Group by 16.6% during the third quarter. Canada Pension Plan Investment Board now owns 338,100 shares of the mining company’s stock valued at $14,870,000 after purchasing an additional 48,100 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in BHP Group by 693.4% during the third quarter. JPMorgan Chase & Co. now owns 680,358 shares of the mining company’s stock valued at $29,922,000 after purchasing an additional 594,605 shares in the last quarter. Renaissance Technologies LLC purchased a new position in BHP Group during the third quarter valued at $4,605,000. Trexquant Investment LP lifted its holdings in BHP Group by 910.8% during the third quarter. Trexquant Investment LP now owns 71,798 shares of the mining company’s stock valued at $3,158,000 after purchasing an additional 64,695 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in BHP Group during the third quarter valued at $253,000. Institutional investors own 4.38% of the company’s stock.

NYSE:BBL opened at $45.67 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $48.23 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83. BHP Group PLC has a twelve month low of $38.04 and a twelve month high of $48.22.

The firm also recently declared a special dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th will be paid a $1.10 dividend. This represents a dividend yield of 5.29%. The ex-dividend date of this dividend is Thursday, March 7th. BHP Group’s dividend payout ratio is currently 65.48%.

BBL has been the topic of several recent analyst reports. Goldman Sachs Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 12th. ValuEngine raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Societe Generale reaffirmed a “hold” rating on shares of BHP Group in a report on Thursday, March 7th. Finally, Zacks Investment Research downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.00.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Week Herald and is the property of of Week Herald. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://weekherald.com/2019/03/17/northern-trust-corp-has-65-01-million-position-in-bhp-group-plc-bbl.html.

BHP Group 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.

Featured Story: Bull Market

Want to see what other hedge funds are holding BBL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group PLC (NYSE:BBL).

Institutional Ownership by Quarter for BHP Group (NYSE:BBL)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.