Macquarie Group Ltd. Reduces Stake in BHP Group Ltd (NYSE:BHP)

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Macquarie Group Ltd. lowered its stake in BHP Group Ltd (NYSE:BHP) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,454 shares of the mining company’s stock after selling 700 shares during the period. Macquarie Group Ltd.’s holdings in BHP Group were worth $3,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BHP. Cambridge Investment Research Advisors Inc. grew its position in BHP Group by 14.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,277 shares of the mining company’s stock worth $452,000 after acquiring an additional 1,028 shares in the last quarter. Advisor Group Inc. lifted its stake in BHP Group by 4.8% in the first quarter. Advisor Group Inc. now owns 16,894 shares of the mining company’s stock worth $923,000 after purchasing an additional 771 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in BHP Group by 135.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,774 shares of the mining company’s stock worth $97,000 after purchasing an additional 1,021 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in BHP Group by 417.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 319,130 shares of the mining company’s stock worth $17,447,000 after purchasing an additional 257,502 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in BHP Group in the first quarter worth about $3,159,000. Institutional investors own 3.77% of the company’s stock.

BHP Group stock opened at $49.61 on Friday. The company has a 50 day moving average price of $49.28 and a 200-day moving average price of $52.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.89. BHP Group Ltd has a fifty-two week low of $43.65 and a fifty-two week high of $59.02. The company has a market capitalization of $76.35 billion, a PE ratio of 13.55, a P/E/G ratio of 2.80 and a beta of 0.85.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a dividend of $1.56 per share. The ex-dividend date of this dividend was Thursday, September 5th. BHP Group’s dividend payout ratio is presently 85.25%.

Several brokerages have issued reports on BHP. Goldman Sachs Group raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Monday, September 9th. ValuEngine downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Bank of America downgraded shares of BHP Group from a “neutral” rating to an “underperform” rating in a research note on Friday, August 16th. Exane BNP Paribas downgraded shares of BHP Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 5th. Finally, UBS Group reissued a “hold” rating on shares of BHP Group in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. BHP Group has an average rating of “Hold” and an average target price of $62.00.

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.

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

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