Avantax Advisory Services Inc. Grows Position in BHP Group Limited (NYSE:BHP)

Avantax Advisory Services Inc. grew its position in BHP Group Limited (NYSE:BHPFree Report) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,463 shares of the mining company’s stock after acquiring an additional 1,515 shares during the quarter. Avantax Advisory Services Inc.’s holdings in BHP Group were worth $1,261,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Montag A & Associates Inc. bought a new position in shares of BHP Group in the 4th quarter valued at about $38,000. Cape Investment Advisory Inc. lifted its stake in shares of BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock valued at $36,000 after purchasing an additional 174 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of BHP Group in the 3rd quarter valued at approximately $41,000. Parkside Financial Bank & Trust boosted its holdings in shares of BHP Group by 22.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock worth $61,000 after purchasing an additional 165 shares during the period. Finally, Headinvest LLC bought a new position in shares of BHP Group during the 3rd quarter valued at approximately $52,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Up 2.4 %

BHP opened at $61.47 on Friday. The business has a fifty day moving average of $57.67 and a 200 day moving average of $60.29. 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 Limited has a 52-week low of $54.28 and a 52-week high of $69.11.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $1.44 per share. This represents a dividend yield of 5.2%. The ex-dividend date was Thursday, March 7th.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BHP shares. Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. StockNews.com lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, BHP Group presently has a consensus rating of “Hold” and a consensus price target of $50.00.

Check Out Our Latest Analysis on BHP Group

BHP Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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