SouthState Corp Grows Position in BHP Group Limited (NYSE:BHP)

SouthState Corp lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 35.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,943 shares of the mining company’s stock after buying an additional 13,334 shares during the period. SouthState Corp’s holdings in BHP Group were worth $3,480,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP boosted its position in BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after purchasing an additional 924,202 shares during the last quarter. Fisher Asset Management LLC boosted its position in BHP Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock worth $1,359,518,000 after purchasing an additional 589,317 shares during the last quarter. International Assets Investment Management LLC boosted its position in BHP Group by 6,529.2% in the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares during the last quarter. Natixis Advisors L.P. boosted its position in BHP Group by 128.4% in the fourth quarter. Natixis Advisors L.P. now owns 444,702 shares of the mining company’s stock worth $30,376,000 after purchasing an additional 249,991 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in shares of BHP Group in the fourth quarter worth about $12,381,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BHP shares. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.00.

BHP Group Stock Up 1.1 %

NYSE BHP traded up $0.58 during trading on Thursday, hitting $55.58. 2,673,128 shares of the stock traded hands, compared to its average volume of 2,632,125. The firm has a 50-day simple moving average of $57.67 and a 200-day simple moving average of $60.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a dividend of $1.44 per share. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

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