SouthState Corp Buys 13,334 Shares of BHP Group Limited (NYSE:BHP)

SouthState Corp boosted its stake in BHP Group Limited (NYSE:BHP) by 35.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,943 shares of the mining company’s stock after acquiring an additional 13,334 shares during the quarter. SouthState Corp’s holdings in BHP Group were worth $3,480,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. raised its stake in shares of BHP Group by 37.4% during the third quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock valued at $36,000 after acquiring an additional 174 shares during the last quarter. NBC Securities Inc. bought a new position in shares of BHP Group during the third quarter valued at $41,000. Headinvest LLC bought a new position in shares of BHP Group during the third quarter valued at $52,000. FinTrust Capital Advisors LLC raised its stake in shares of BHP Group by 64.2% during the third quarter. FinTrust Capital Advisors LLC now owns 1,079 shares of the mining company’s stock valued at $61,000 after acquiring an additional 422 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of BHP Group by 22.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP traded up $0.58 during trading hours on Thursday, hitting $55.58. 2,673,128 shares of the stock were exchanged, compared to its average volume of 2,632,125. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $57.67 and a 200-day moving average of $60.20.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BHP shares. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.00.

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.