BHP Group Limited (NYSE:BHP) Shares Bought by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. increased its holdings in BHP Group Limited (NYSE:BHP) by 17.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,486 shares of the mining company’s stock after purchasing an additional 1,248 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in BHP Group were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BHP. Charles Schwab Investment Management Inc. boosted its stake in shares of BHP Group by 52.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,119 shares of the mining company’s stock worth $5,541,000 after acquiring an additional 27,945 shares in the last quarter. Brown Advisory Inc. raised its holdings in BHP Group by 4.8% during the 4th quarter. Brown Advisory Inc. now owns 15,661 shares of the mining company’s stock worth $1,070,000 after buying an additional 720 shares during the period. EverSource Wealth Advisors LLC lifted its stake in BHP Group by 23.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,403 shares of the mining company’s stock valued at $96,000 after buying an additional 266 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of BHP Group by 7.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 22,617 shares of the mining company’s stock worth $1,493,000 after buying an additional 1,646 shares during the period. Finally, Cape Investment Advisory Inc. increased its position in shares of BHP Group by 41.8% in the fourth quarter. Cape Investment Advisory Inc. now owns 906 shares of the mining company’s stock worth $62,000 after acquiring an additional 267 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on BHP. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup initiated coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Finally, Barclays reaffirmed 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 issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy”.

BHP Group Trading Down 2.5 %

BHP Group stock opened at $53.79 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company’s fifty day simple moving average is $54.15 and its 200-day simple moving average is $56.63. The stock has a market cap of $136.25 billion, a P/E ratio of 10.84, a P/E/G ratio of 3.41 and a beta of 0.96.

BHP Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. The ex-dividend date of this dividend is Friday, September 13th. BHP Group’s dividend payout ratio is presently 59.07%.

About BHP Group

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.