Nisa Investment Advisors LLC Increases Stock Holdings in BHP Group Limited (NYSE:BHP)

Nisa Investment Advisors LLC increased its stake in shares of BHP Group Limited (NYSE:BHP) by 53.8% in the third quarter, HoldingsChannel reports. The firm owned 2,000 shares of the mining company’s stock after buying an additional 700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BHP Group were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHP. Asset Dedication LLC increased its position in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank purchased a new stake in BHP Group during the 3rd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in BHP Group in the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group in the 2nd quarter valued at about $27,000. Finally, Sound Income Strategies LLC grew its holdings in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

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

BHP Group Price Performance

NYSE BHP opened at $57.74 on Friday. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $56.45 and its 200-day simple moving average is $56.70.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. The ex-dividend date was 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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.