BHP Group Limited (NYSE:BHP) Holdings Raised by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its stake in shares of BHP Group Limited (NYSE:BHP) by 84.7% during the 4th quarter, HoldingsChannel reports. The fund owned 8,500 shares of the mining company’s stock after acquiring an additional 3,899 shares during the period. Legacy Financial Advisors Inc.’s holdings in BHP Group were worth $415,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Kovitz Investment Group Partners LLC purchased a new position in BHP Group in the third quarter valued at about $648,000. EP Wealth Advisors LLC acquired a new stake in shares of BHP Group during the 3rd quarter valued at about $242,000. National Bank of Canada FI grew its stake in shares of BHP Group by 11.1% in the 3rd quarter. National Bank of Canada FI now owns 137,678 shares of the mining company’s stock valued at $8,551,000 after buying an additional 13,807 shares in the last quarter. Barclays PLC increased its holdings in BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after buying an additional 109,337 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in BHP Group by 17.5% during the third quarter. Coldstream Capital Management Inc. now owns 4,819 shares of the mining company’s stock valued at $299,000 after acquiring an additional 719 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BHP has been the subject of several recent research reports. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Stock Down 1.7 %

Shares of BHP Group stock opened at $43.59 on Friday. BHP Group Limited has a 12-month low of $39.73 and a 12-month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $48.91 and a two-hundred day moving average price of $51.74. The stock has a market capitalization of $110.52 billion, a P/E ratio of 9.91 and a beta of 0.85.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 7th were issued a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date was Friday, March 7th. BHP Group’s dividend payout ratio is currently 44.77%.

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