Free Trial

Natixis Advisors LLC Increases Stock Position in BHP Group Limited Sponsored ADR $BHP

BHP Group logo with Basic Materials background
Image from MarketBeat Media, LLC.

Key Points

  • Natixis Advisors LLC increased its stake in BHP by 13.0% in Q3 to 235,300 shares (adding 27,089 shares), holdings valued at about $13.12 million per its SEC filing.
  • BHP announced a $1.46 dividend payable on March 26 to holders of record on March 6 (ex-dividend date March 6), which the article cites as representing a 399.0% yield.
  • Analysts are mixed with an average rating of "Hold" and a consensus target price of $53.33; BHP shares were trading down roughly 3.4% and have a 1‑year range of $39.73–$83.21.
  • Five stocks we like better than BHP Group.

Natixis Advisors LLC raised its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 235,300 shares of the mining company's stock after acquiring an additional 27,089 shares during the period. Natixis Advisors LLC's holdings in BHP Group were worth $13,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Management Professionals Inc. boosted its position in shares of BHP Group by 3.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,418 shares of the mining company's stock worth $358,000 after purchasing an additional 185 shares during the period. TT Capital Management LLC raised its position in BHP Group by 3.5% in the second quarter. TT Capital Management LLC now owns 5,617 shares of the mining company's stock valued at $270,000 after purchasing an additional 190 shares during the period. Naviter Wealth LLC lifted its stake in BHP Group by 0.4% during the third quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company's stock worth $2,827,000 after purchasing an additional 191 shares in the last quarter. Highline Wealth Partners LLC boosted its position in shares of BHP Group by 1.9% during the third quarter. Highline Wealth Partners LLC now owns 10,387 shares of the mining company's stock worth $579,000 after buying an additional 195 shares during the period. Finally, Sivia Capital Partners LLC boosted its position in shares of BHP Group by 4.9% during the third quarter. Sivia Capital Partners LLC now owns 4,486 shares of the mining company's stock worth $250,000 after buying an additional 209 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Down 3.4%

BHP stock opened at $70.86 on Friday. The business's 50-day moving average is $71.04 and its two-hundred day moving average is $61.38. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $83.21.

BHP Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 6th will be issued a $1.46 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a yield of 399.0%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BHP. Argus raised BHP Group from a "hold" rating to a "buy" rating and set a $68.00 target price on the stock in a research note on Tuesday, December 30th. Citigroup reissued a "neutral" rating on shares of BHP Group in a research report on Tuesday, February 10th. Weiss Ratings restated a "hold (c)" rating on shares of BHP Group in a report on Wednesday, January 21st. Zacks Research raised shares of BHP Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of BHP Group in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $53.33.

View Our Latest Stock Analysis on BHP Group

More BHP Group News

Here are the key news stories impacting BHP Group this week:

About BHP Group

(Free Report)

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

Further Reading

Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in BHP Group Right Now?

Before you consider BHP Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BHP Group wasn't on the list.

While BHP Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines