Virtu Financial LLC Has $1.25 Million Position in BHP Group Limited (NYSE:BHP)

Virtu Financial LLC trimmed its position in BHP Group Limited (NYSE:BHP) by 35.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,956 shares of the mining company’s stock after selling 11,899 shares during the quarter. Virtu Financial LLC’s holdings in BHP Group were worth $1,253,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BHP. Eagle Bay Advisors LLC raised its position in shares of BHP Group by 48.9% in the first quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock valued at $35,000 after buying an additional 197 shares in the last quarter. Pinnacle West Asset Management Inc. raised its holdings 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% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock valued at $1,570,000 after acquiring an additional 202 shares during the period. Ballentine Partners LLC grew its holdings in shares of BHP Group by 2.6% during the 1st quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock worth $474,000 after purchasing an additional 205 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its position in shares of BHP Group by 1.1% in 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 period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BHP Group Price Performance

BHP opened at $53.08 on Thursday. The company’s 50 day moving average is $54.32 and its 200-day moving average is $56.67. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

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

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