BHP Group Limited (NYSE:BHP) Holdings Raised by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lifted its stake in shares of BHP Group Limited (NYSE:BHP) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,963 shares of the mining company’s stock after purchasing an additional 880 shares during the quarter. Schechter Investment Advisors LLC’s holdings in BHP Group were worth $1,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mutual Advisors LLC raised its stake in shares of BHP Group by 3.1% during the fourth quarter. Mutual Advisors LLC now owns 5,541 shares of the mining company’s stock valued at $379,000 after purchasing an additional 165 shares in the last quarter. Cape Investment Advisory Inc. increased its stake in BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock worth $36,000 after purchasing an additional 174 shares in the last quarter. Gallacher Capital Management LLC increased its stake in BHP Group by 2.6% in the 3rd quarter. Gallacher Capital Management LLC now owns 7,084 shares of the mining company’s stock worth $403,000 after purchasing an additional 179 shares in the last quarter. Mckinley Capital Management LLC increased its stake in BHP Group by 2.0% in the 3rd quarter. Mckinley Capital Management LLC now owns 9,429 shares of the mining company’s stock worth $536,000 after purchasing an additional 184 shares in the last quarter. Finally, Hoey Investments Inc. increased its stake in BHP Group by 13.3% in the 3rd quarter. Hoey Investments Inc. now owns 1,700 shares of the mining company’s stock worth $97,000 after purchasing an additional 200 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BHP shares. Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, BHP Group has an average rating of “Hold” and an average price target of $50.00.

BHP Group Stock Up 1.7 %

BHP opened at $57.52 on Thursday. The business has a 50 day moving average price of $58.92 and a 200 day moving average price of $59.95. BHP Group Limited has a twelve month low of $54.28 and a twelve month high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be issued a $1.44 dividend. The ex-dividend date is Thursday, March 7th. This represents a yield of 5.2%.

BHP Group Company 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.