Raymond James & Associates Buys 14,050 Shares of BHP Group Limited (NYSE:BHP)

Raymond James & Associates increased its stake in BHP Group Limited (NYSE:BHPFree Report) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 279,297 shares of the mining company’s stock after acquiring an additional 14,050 shares during the period. Raymond James & Associates’ holdings in BHP Group were worth $19,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mutual Advisors LLC lifted its stake in shares of BHP Group by 3.1% in the 4th quarter. Mutual Advisors LLC now owns 5,541 shares of the mining company’s stock valued at $379,000 after acquiring an additional 165 shares during the last quarter. Cape Investment Advisory Inc. lifted its holdings in BHP Group by 37.4% in the 3rd 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 period. Gallacher Capital Management LLC lifted its holdings in BHP Group by 2.6% in the 3rd quarter. Gallacher Capital Management LLC now owns 7,084 shares of the mining company’s stock worth $403,000 after buying an additional 179 shares during the period. Mckinley Capital Management LLC lifted its holdings in BHP Group by 2.0% in the 3rd quarter. Mckinley Capital Management LLC now owns 9,429 shares of the mining company’s stock worth $536,000 after buying an additional 184 shares during the period. Finally, Hoey Investments Inc. lifted its holdings in BHP Group by 13.3% in the 3rd quarter. Hoey Investments Inc. now owns 1,700 shares of the mining company’s stock worth $97,000 after buying an additional 200 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

BHP has been the subject of several research analyst reports. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, BHP Group presently has an average rating of “Hold” and an average price target of $50.00.

Get Our Latest Stock Report on BHP

BHP Group Stock Up 1.1 %

Shares of NYSE:BHP opened at $58.35 on Tuesday. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11. The firm has a market capitalization of $147.80 billion, a P/E ratio of 10.99, a P/E/G ratio of 3.46 and a beta of 0.96. The stock has a 50 day moving average price of $58.75 and a 200-day moving average price of $59.98. 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 Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were given a $1.44 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s dividend payout ratio is currently 53.67%.

BHP Group Company Profile

(Free Report)

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

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

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