Marks Group Wealth Management Inc Sells 431 Shares of BHP Group Limited (NYSE:BHP)

Marks Group Wealth Management Inc cut its holdings in shares of BHP Group Limited (NYSE:BHP) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,449 shares of the mining company’s stock after selling 431 shares during the period. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BHP. Eagle Bay Advisors LLC lifted its holdings in shares of BHP Group by 48.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock valued at $35,000 after purchasing an additional 197 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of BHP Group by 2.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after buying an additional 200 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of BHP Group by 0.7% during the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after acquiring an additional 202 shares in the last quarter. Bleakley Financial Group LLC lifted its position in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in BHP Group by 1.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after purchasing an additional 208 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Down 1.3 %

Shares of BHP stock opened at $55.94 on Thursday. The company has a fifty day moving average price of $56.45 and a two-hundred day moving average price of $56.70. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were issued a $1.465 dividend. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. The ex-dividend date was Friday, September 13th.

Analyst Ratings Changes

BHP has been the topic of several recent research reports. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Profile

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.