Advisory Services Network LLC Buys 9,428 Shares of BHP Group Limited (NYSE:BHP)

Advisory Services Network LLC lifted its holdings in shares of BHP Group Limited (NYSE:BHPGet Rating) by 87.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,150 shares of the mining company’s stock after purchasing an additional 9,428 shares during the period. Advisory Services Network LLC’s holdings in BHP Group were worth $1,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BHP. Fisher Asset Management LLC boosted its position in shares of BHP Group by 116.7% during the 1st quarter. Fisher Asset Management LLC now owns 16,904,899 shares of the mining company’s stock valued at $1,305,903,000 after purchasing an additional 9,102,674 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock valued at $798,672,000 after purchasing an additional 5,632,545 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in BHP Group by 136.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,000 shares of the mining company’s stock worth $226,884,000 after buying an additional 1,696,427 shares during the period. State Farm Mutual Automobile Insurance Co. acquired a new position in BHP Group during the 1st quarter worth approximately $104,205,000. Finally, Pendal Group Ltd raised its stake in BHP Group by 1,118.5% during the 1st quarter. Pendal Group Ltd now owns 1,014,717 shares of the mining company’s stock worth $78,387,000 after buying an additional 931,440 shares during the period. Institutional investors own 6.53% of the company’s stock.

BHP Group Stock Down 1.4 %

Shares of BHP opened at $50.95 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $53.45 and a two-hundred day simple moving average of $62.51. BHP Group Limited has a 1-year low of $47.35 and a 1-year high of $79.66.

BHP Group Increases Dividend

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

Analyst Upgrades and Downgrades

BHP has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on BHP Group from GBX 3,200 ($38.67) to GBX 3,000 ($36.25) in a research report on Wednesday, June 1st. The Goldman Sachs Group lowered BHP Group from a “buy” rating to a “neutral” rating in a report on Wednesday, July 13th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday, September 2nd. Jefferies Financial Group raised BHP Group to a “buy” rating and set a $82.00 price target for the company in a report on Friday, June 24th. Finally, UBS Group dropped their price objective on BHP Group from GBX 2,100 ($25.37) to GBX 2,050 ($24.77) in a research note on Wednesday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,782.85.

BHP Group Company Profile

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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.

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

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