Atria Investments Inc Lowers Holdings in BHP Group Limited (NYSE:BHP)

Atria Investments Inc lowered its position in shares of BHP Group Limited (NYSE:BHP) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,131 shares of the mining company’s stock after selling 1,246 shares during the quarter. Atria Investments Inc’s holdings in BHP Group were worth $1,064,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in BHP Group in the first quarter worth $1,953,000. XY Capital Ltd lifted its stake in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. Ausbil Investment Management Ltd purchased a new stake in BHP Group during the third quarter worth about $2,360,000. SG Americas Securities LLC grew its position in BHP Group by 477.0% during the second quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company’s stock worth $11,982,000 after buying an additional 173,510 shares during the period. Finally, AQR Capital Management LLC increased its holdings in BHP Group by 269.6% in the second 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. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

BHP Group Trading Down 0.4 %

BHP Group stock opened at $51.84 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $56.47 and a 200 day moving average price of $56.52. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11.

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 given a $1.465 dividend. This represents a dividend yield of 5.2%. The ex-dividend date was Friday, September 13th. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44.

BHP Group 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.