West Family Investments Inc. Acquires 2,464 Shares of BHP Group Limited (NYSE:BHP)

West Family Investments Inc. grew its holdings in BHP Group Limited (NYSE:BHP) by 24.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,533 shares of the mining company’s stock after acquiring an additional 2,464 shares during the period. West Family Investments Inc.’s holdings in BHP Group were worth $612,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after purchasing an additional 109,337 shares in the last quarter. FMR LLC grew its stake in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. grew its stake in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after acquiring an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after acquiring an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd grew its stake in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after acquiring an additional 768,972 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two investment 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $53.00.

BHP Group Price Performance

BHP stock opened at $50.67 on Friday. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $49.84 and a two-hundred day simple moving average of $52.94. The firm has a market capitalization of $128.49 billion, a P/E ratio of 11.52 and a beta of 0.95.

BHP Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given 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’s dividend payout ratio (DPR) is currently 44.77%.

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.