Baron Wealth Management LLC Takes Position in BHP Group Limited (NYSE:BHP)

Baron Wealth Management LLC bought a new position in BHP Group Limited (NYSE:BHP) in the 3rd quarter, Holdings Channel.com reports. The fund bought 3,309 shares of the mining company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BHP. Bank of Montreal Can boosted its stake in BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after purchasing an additional 1,981,008 shares during the period. Westwood Global Investments LLC grew its stake in BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock valued at $69,664,000 after acquiring an additional 51,263 shares in the last quarter. XY Capital Ltd increased its holdings in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after acquiring an additional 768,972 shares during the last quarter. Capital International Investors lifted its stake in BHP Group by 42.4% in the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after purchasing an additional 225,428 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of BHP Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 549,394 shares of the mining company’s stock valued at $31,365,000 after purchasing an additional 31,442 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group cut 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. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Trading Up 0.4 %

BHP stock opened at $52.68 on Wednesday. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $56.51 and its two-hundred day simple moving average is $56.48.

BHP Group Increases Dividend

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

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.