3,908 Shares in BHP Group Limited (NYSE:BHP) Purchased by Adero Partners LLC

Adero Partners LLC acquired a new stake in BHP Group Limited (NYSE:BHP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,908 shares of the mining company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BHP. Virtu Financial LLC bought a new position in shares of BHP Group during the first quarter worth approximately $1,953,000. XY Capital Ltd grew its holdings in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of BHP Group during the 3rd quarter worth $2,360,000. Chartwell Investment Partners LLC acquired a new stake in shares of BHP Group during the 3rd quarter worth $9,830,000. Finally, SG Americas Securities LLC grew its holdings in shares of BHP Group by 477.0% during the 2nd quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company’s stock worth $11,982,000 after purchasing an additional 173,510 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BHP shares. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Stock Down 0.4 %

NYSE:BHP opened at $51.84 on Monday. The stock’s 50-day simple moving average is $56.47 and its 200 day simple moving average is $56.52. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11.

BHP Group Increases Dividend

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

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.