Fortitude Advisory Group L.L.C. Buys New Holdings in BHP Group Limited (NYSE:BHP)

Fortitude Advisory Group L.L.C. bought a new stake in shares of BHP Group Limited (NYSE:BHPGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 812 shares of the mining company’s stock, valued at approximately $63,000.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd bought a new position in BHP Group during the 1st quarter valued at approximately $26,000. Holloway Wealth Management LLC purchased a new stake in BHP Group during the 1st quarter valued at $29,000. Addison Advisors LLC boosted its stake in BHP Group by 609.3% during the 1st quarter. Addison Advisors LLC now owns 383 shares of the mining company’s stock valued at $30,000 after purchasing an additional 329 shares during the last quarter. Curi Wealth Management LLC purchased a new position in shares of BHP Group in the 1st quarter worth $30,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of BHP Group in the 1st quarter worth $36,000. 6.53% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of BHP stock opened at $51.68 on Friday. BHP Group Limited has a 12-month low of $47.35 and a 12-month high of $79.66. The company has a quick ratio of 1.40, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $53.54 and its 200-day moving average price is $62.81.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Friday, September 2nd will be issued a $3.50 dividend. This represents a dividend yield of 11.3%. This is a boost from BHP Group’s previous semi-annual dividend of $3.00. The ex-dividend date of this dividend is Thursday, September 1st.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BHP. The Goldman Sachs Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 13th. Jefferies Financial Group upgraded BHP Group to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, June 24th. JPMorgan Chase & Co. lifted their target price on BHP Group from GBX 2,440 ($29.48) to GBX 2,490 ($30.09) in a research report on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft lowered their target price on BHP Group from GBX 2,250 ($27.19) to GBX 2,200 ($26.58) in a research report on Wednesday, June 29th. Finally, Credit Suisse Group lifted their target price on BHP Group from GBX 2,200 ($26.58) to GBX 2,300 ($27.79) in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,782.85.

BHP Group Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited (NYSE:BHPGet Rating).

Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.