Sit Investment Associates Inc. Sells 250 Shares of BHP Group Limited (NYSE:BHP)

Sit Investment Associates Inc. lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 0.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 56,410 shares of the mining company’s stock after selling 250 shares during the quarter. Sit Investment Associates Inc.’s holdings in BHP Group were worth $3,366,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of BHP Group by 21.4% in the first quarter. Global Retirement Partners LLC now owns 2,793 shares of the mining company’s stock valued at $163,000 after purchasing an additional 492 shares during the period. American Century Companies Inc. raised its position in BHP Group by 15.0% during the 1st quarter. American Century Companies Inc. now owns 370,797 shares of the mining company’s stock worth $23,512,000 after buying an additional 48,369 shares during the last quarter. PDS Planning Inc lifted its stake in BHP Group by 6.8% during the 2nd quarter. PDS Planning Inc now owns 5,959 shares of the mining company’s stock valued at $356,000 after acquiring an additional 379 shares during the period. Fulcrum Equity Management purchased a new stake in shares of BHP Group in the 2nd quarter valued at $286,000. Finally, Insigneo Advisory Services LLC increased its stake in shares of BHP Group by 59.2% in the first quarter. Insigneo Advisory Services LLC now owns 11,560 shares of the mining company’s stock worth $733,000 after acquiring an additional 4,300 shares during the period.

BHP Group Trading Down 0.1 %

Shares of NYSE:BHP opened at $60.60 on Thursday. The business’s 50 day moving average price is $57.02 and its 200-day moving average price is $58.41. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $71.52.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, September 28th. Stockholders of record on Friday, September 8th were given a $1.60 dividend. The ex-dividend date was Thursday, September 7th. This represents a dividend yield of 5.9%.

Analysts Set New Price Targets

Several equities research analysts have commented on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 29th. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, September 25th. JPMorgan Chase & Co. upped their price objective on BHP Group from $47.00 to $50.00 in a research report on Wednesday, September 13th. Finally, UBS Group raised shares of BHP Group from a “sell” rating to a “neutral” rating in a report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $1,950.00.

About BHP Group

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.