Connor Clark & Lunn Investment Management Ltd. Has $344,000 Stake in BHP Group Limited (NYSE:BHP)

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in BHP Group Limited (NYSE:BHP) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,054 shares of the mining company’s stock after selling 1,760 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in BHP Group were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in BHP. Charles Schwab Investment Management Inc. boosted its stake in shares of BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after buying an additional 22,677 shares during the period. Meridian Wealth Management LLC acquired a new stake in BHP Group during the third quarter valued at $294,000. Cerity Partners LLC grew its stake in BHP Group by 25.5% in the third quarter. Cerity Partners LLC now owns 84,592 shares of the mining company’s stock valued at $5,257,000 after purchasing an additional 17,191 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in BHP Group by 32.5% in the third quarter. Kingsview Wealth Management LLC now owns 13,051 shares of the mining company’s stock valued at $811,000 after purchasing an additional 3,201 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in BHP Group by 594.2% in the 3rd quarter. Larson Financial Group LLC now owns 2,874 shares of the mining company’s stock worth $179,000 after purchasing an additional 2,460 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of NYSE BHP opened at $49.23 on Monday. The business’s 50-day simple moving average is $50.03 and its 200-day simple moving average is $52.55. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market cap of $124.82 billion, a price-to-earnings ratio of 11.19 and a beta of 0.90.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 7th will be given a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th. BHP Group’s dividend payout ratio is 44.77%.

Analyst Upgrades and Downgrades

BHP has been the subject of several recent research reports. Jefferies Financial Group lowered their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $53.00.

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