Aptus Capital Advisors LLC bought a new stake in BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,858 shares of the mining company's stock, valued at approximately $677,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in BHP Group during the fourth quarter valued at $29,000. Versant Capital Management Inc purchased a new stake in BHP Group in the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA bought a new stake in BHP Group in the 4th quarter valued at about $46,000. Allianz SE bought a new stake in BHP Group in the 4th quarter valued at about $51,000. Finally, Headlands Technologies LLC purchased a new stake in BHP Group during the fourth quarter valued at about $53,000. 3.79% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on BHP. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $53.00.
View Our Latest Report on BHP
BHP Group Price Performance
Shares of BHP Group stock traded up $1.63 on Monday, reaching $50.30. The stock had a trading volume of 1,223,628 shares, compared to its average volume of 2,543,996. The business's 50 day moving average is $47.68 and its two-hundred day moving average is $50.03. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 1 year low of $39.73 and a 1 year high of $63.21. The company has a market cap of $127.54 billion, a P/E ratio of 11.42 and a beta of 0.86.
BHP Group Cuts Dividend
The company also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were paid a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group's dividend payout ratio is presently 44.77%.
About BHP Group
(
Free Report)
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.
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