Bleakley Financial Group LLC Has $317,000 Stock Position in BHP Group Limited (NYSE:BHP)

Bleakley Financial Group LLC grew its position in BHP Group Limited (NYSE:BHP) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,101 shares of the mining company’s stock after buying an additional 203 shares during the quarter. Bleakley Financial Group LLC’s holdings in BHP Group were worth $317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Eagle Bay Advisors LLC boosted its holdings in shares of BHP Group by 48.9% in the first quarter. Eagle Bay Advisors LLC now owns 600 shares of the mining company’s stock worth $35,000 after buying an additional 197 shares during the period. Pinnacle West Asset Management Inc. lifted its position 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 worth $452,000 after purchasing an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of BHP Group by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after purchasing an additional 202 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of BHP Group by 2.6% in the first quarter. Ballentine Partners LLC now owns 8,212 shares of the mining company’s stock worth $474,000 after purchasing an additional 205 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its position in shares of BHP Group by 1.1% in the second 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 in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BHP Group Price Performance

Shares of BHP opened at $56.67 on Wednesday. The firm has a market cap of $143.54 billion, a PE ratio of 12.01, a PEG ratio of 3.95 and a beta of 0.96. The firm’s 50 day moving average price is $55.99 and its 200 day moving average price is $56.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. 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 given a dividend of $1.465 per share. This represents a yield of 5.2%. The ex-dividend date was Friday, September 13th. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. BHP Group’s dividend payout ratio (DPR) is presently 62.08%.

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.