Earnest Partners LLC Lowers Stake in BHP Group Ltd (NYSE:BHP)

Earnest Partners LLC cut its position in shares of BHP Group Ltd (NYSE:BHP) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,635,347 shares of the mining company’s stock after selling 25,398 shares during the quarter. Earnest Partners LLC owned approximately 0.10% of BHP Group worth $95,030,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its position in BHP Group by 273.7% during the first quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock valued at $138,870,000 after buying an additional 1,860,489 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in BHP Group during the first quarter valued at approximately $56,537,000. Segantii Capital Management Ltd lifted its position in shares of BHP Group by 349.8% during the second quarter. Segantii Capital Management Ltd now owns 1,276,459 shares of the mining company’s stock worth $73,633,000 after purchasing an additional 992,659 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of BHP Group during the first quarter worth $15,079,000. Finally, Fisher Asset Management LLC lifted its position in shares of BHP Group by 3.8% during the second quarter. Fisher Asset Management LLC now owns 7,166,822 shares of the mining company’s stock worth $416,464,000 after purchasing an additional 265,025 shares in the last quarter. Hedge funds and other institutional investors own 3.77% of the company’s stock.

BHP stock opened at $51.93 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.58 and a debt-to-equity ratio of 0.45. BHP Group Ltd has a one year low of $43.65 and a one year high of $59.02. The firm has a market capitalization of $83.40 billion, a PE ratio of 14.19, a P/E/G ratio of 3.00 and a beta of 0.88. The firm has a 50-day moving average of $50.40 and a two-hundred day moving average of $53.43.

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

BHP has been the topic of a number of recent research reports. Goldman Sachs Group raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research report on Monday. Argus reiterated a “buy” rating and set a $60.00 target price on shares of BHP Group in a research note on Monday, August 26th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Bank of America lowered shares of BHP Group from a “neutral” rating to an “underperform” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. upgraded shares of BHP Group from an “underweight” rating to a “neutral” rating in a research note on Friday, July 12th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. BHP Group has a consensus rating of “Hold” and an average price target 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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