Farther Finance Advisors LLC Has $179,000 Stock Position in BHP Group Limited (NYSE:BHP)

Farther Finance Advisors LLC lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,881 shares of the mining company’s stock after selling 246 shares during the quarter. Farther Finance Advisors LLC’s holdings in BHP Group were worth $179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new stake in shares of BHP Group during the first quarter worth approximately $1,953,000. Ausbil Investment Management Ltd acquired a new stake in BHP Group during the 3rd quarter worth approximately $2,360,000. SG Americas Securities LLC boosted its stake in BHP Group by 477.0% in the 2nd quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company’s stock valued at $11,982,000 after purchasing an additional 173,510 shares during the period. AQR Capital Management LLC grew its holdings in BHP Group by 269.6% in the 2nd quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock valued at $1,619,000 after buying an additional 20,685 shares in the last quarter. Finally, Bank of Montreal Can increased its position in BHP Group by 532.2% during the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after buying an additional 1,981,008 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 4.4 %

BHP stock opened at $55.19 on Monday. The company’s 50-day moving average price is $56.50 and its two-hundred day moving average price is $56.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid a $1.465 dividend. This represents a yield of 5.2%. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th.

Analysts Set New Price Targets

Several equities analysts recently commented on BHP shares. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, BHP Group currently has an average rating of “Moderate Buy” and an average price target of $68.00.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.