Freestone Capital Holdings LLC Has $1.07 Million Stake in BHP Group Limited (NYSE:BHP)

Freestone Capital Holdings LLC trimmed its stake in BHP Group Limited (NYSE:BHP) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,870 shares of the mining company’s stock after selling 518 shares during the period. Freestone Capital Holdings LLC’s holdings in BHP Group were worth $1,070,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BHP. BerganKDV Wealth Management LLC acquired a new stake in BHP Group during the 1st quarter worth about $26,000. Salem Investment Counselors Inc. grew its holdings in BHP Group by 110.0% during the 2nd quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company’s stock worth $26,000 after acquiring an additional 241 shares during the period. Covestor Ltd acquired a new stake in BHP Group during the 1st quarter worth about $26,000. Russell Investments Group Ltd. acquired a new stake in BHP Group during the 1st quarter worth about $27,000. Finally, CoreCap Advisors LLC acquired a new stake in BHP Group during the 4th quarter worth about $31,000.

BHP Group Stock Performance

NYSE:BHP opened at $54.99 on Monday. The firm has a 50-day moving average price of $58.98 and a two-hundred day moving average price of $59.62. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. BHP Group Limited has a 52 week low of $46.92 and a 52 week high of $71.52.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 28th. Stockholders of record on Friday, September 8th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 5.9%.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of research analyst reports. BNP Paribas raised shares of BHP Group from an “underperform” rating to a “neutral” rating in a research report on Wednesday, June 28th. Berenberg Bank cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. StockNews.com initiated coverage on shares of BHP Group in a research report on Thursday, August 17th. They set a “buy” rating on the stock. JPMorgan Chase & Co. raised shares of BHP Group from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 13th. Finally, Liberum Capital raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, BHP Group currently has an average rating of “Hold” and a consensus price target of $2,565.00.

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.