Ashton Thomas Private Wealth LLC Makes New Investment in BHP Group Limited (NYSE:BHP)

Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group Limited (NYSE:BHP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 473 shares of the mining company’s stock, valued at approximately $27,000.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its position in shares of BHP Group by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after purchasing an additional 551,575 shares during the period. Wellington Management Group LLP increased its holdings in BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after buying an additional 1,395,940 shares during the last quarter. Norges Bank purchased a new position in BHP Group in the fourth quarter valued at approximately $191,837,000. Westwood Global Investments LLC grew its stake in shares of BHP Group by 1.3% during the 1st quarter. Westwood Global Investments LLC now owns 1,168,988 shares of the mining company’s stock worth $67,439,000 after acquiring an additional 14,691 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of BHP Group by 80.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock worth $64,348,000 after purchasing an additional 420,550 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday. Citigroup assumed coverage on shares of BHP Group in a research note on Friday, May 31st. They set a “buy” rating on the stock. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

BHP Group Stock Down 0.2 %

NYSE BHP opened at $53.46 on Wednesday. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The business’s fifty day moving average price is $54.43 and its 200-day moving average price is $56.70. 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 Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $1.465 per share. This represents a dividend yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th.

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.