Truist Financial Corp Reduces Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Truist Financial Corp lowered its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 49.9% in the fourth quarter, HoldingsChannel reports. The firm owned 15,181 shares of the mining company’s stock after selling 15,100 shares during the period. Truist Financial Corp’s holdings in BHP Group were worth $916,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Naviter Wealth LLC increased its position in BHP Group by 0.4% during the 3rd quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock worth $2,827,000 after purchasing an additional 191 shares in the last quarter. Abel Hall LLC increased its position in BHP Group by 2.9% during the 3rd quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock worth $416,000 after purchasing an additional 209 shares in the last quarter. Mutual Advisors LLC increased its position in BHP Group by 3.0% during the 3rd quarter. Mutual Advisors LLC now owns 7,371 shares of the mining company’s stock worth $408,000 after purchasing an additional 216 shares in the last quarter. Nisa Investment Advisors LLC increased its position in BHP Group by 16.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,628 shares of the mining company’s stock worth $98,000 after purchasing an additional 228 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in BHP Group by 23.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,241 shares of the mining company’s stock worth $75,000 after purchasing an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 5.1%

Shares of BHP opened at $84.40 on Friday. The business’s fifty day moving average price is $76.24 and its 200 day moving average price is $68.07. BHP Group Limited Sponsored ADR has a 12-month low of $45.74 and a 12-month high of $91.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

BHP Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were paid a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BHP. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Argus set a $95.00 target price on shares of BHP Group in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and an average price target of $62.33.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.