CENTRAL TRUST Co Sells 501 Shares of BHP Group Limited (NYSE:BHP)

CENTRAL TRUST Co lessened its holdings in BHP Group Limited (NYSE:BHP) by 8.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 5,398 shares of the mining company’s stock after selling 501 shares during the quarter. CENTRAL TRUST Co’s holdings in BHP Group were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in BHP Group in the fourth quarter worth about $28,000. Rise Advisors LLC purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $29,000. WFA Asset Management Corp bought a new stake in shares of BHP Group in the 1st quarter worth approximately $31,000. Viking Fund Management LLC bought a new position in BHP Group during the first quarter valued at $33,000. Finally, Cape Investment Advisory Inc. increased its position in BHP Group by 37.4% in the third quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after buying an additional 174 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 4.7 %

Shares of BHP Group stock traded down $2.89 on Wednesday, reaching $58.74. The stock had a trading volume of 3,615,550 shares, compared to its average volume of 2,556,526. The business’s 50 day moving average is $57.93 and its two-hundred day moving average is $60.33. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. BHP Group Limited has a 1 year low of $54.28 and a 1 year 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 $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th.

Wall Street Analysts Forecast Growth

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

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.