Sigma Planning Corp Purchases Shares of 3,767 BHP Group Limited (NYSE:BHP)

Sigma Planning Corp acquired a new position in shares of BHP Group Limited (NYSE:BHP) in the 3rd quarter, Holdings Channel reports. The fund acquired 3,767 shares of the mining company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Pinnacle West Asset Management Inc. lifted its stake in BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after acquiring an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of BHP Group by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after purchasing an additional 202 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after purchasing an additional 203 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in BHP Group by 1.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after purchasing an additional 208 shares during the last quarter. Finally, Altman Advisors Inc. grew its position in BHP Group by 1.0% in the second quarter. Altman Advisors Inc. now owns 24,721 shares of the mining company’s stock valued at $1,411,000 after purchasing an additional 242 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Down 0.4 %

BHP Group stock opened at $51.84 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company’s 50-day moving average is $56.47 and its 200-day moving average is $56.50. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11.

BHP Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders 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. The ex-dividend date was Friday, September 13th. This represents a yield of 5.2%.

Analyst Ratings Changes

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

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