BHP Group Limited (NYSE:BHP) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its position in BHP Group Limited (NYSE:BHP) by 23.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,225 shares of the mining company’s stock after selling 11,988 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $2,498,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BHP. Bank of Montreal Can grew its holdings in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the period. Westwood Global Investments LLC increased its holdings in BHP Group by 4.4% during the 2nd quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after purchasing an additional 51,263 shares during the period. Capital International Investors boosted its position in shares of BHP Group by 42.4% during the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after acquiring an additional 225,428 shares in the last quarter. American Century Companies Inc. boosted its position in shares of BHP Group by 6.1% in 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 period. Finally, Mediolanum International Funds Ltd purchased a new stake in BHP Group during the 3rd quarter valued at approximately $33,458,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Trading Down 3.0 %

BHP opened at $53.53 on Tuesday. 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 12-month low of $50.90 and a 12-month high of $69.11. The stock has a fifty day moving average of $56.50 and a 200-day moving average of $56.65.

BHP Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given 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.

Wall Street Analyst Weigh In

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