Northcape Wealth Management LLC Buys 2,629 Shares of BHP Group Limited (NYSE:BHP)

Northcape Wealth Management LLC boosted its stake in BHP Group Limited (NYSE:BHP) by 6.7% in the 3rd quarter, Holdings Channel reports. The firm owned 42,030 shares of the mining company’s stock after acquiring an additional 2,629 shares during the quarter. Northcape Wealth Management LLC’s holdings in BHP Group were worth $2,610,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BHP. Huntington National Bank lifted its holdings in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after buying an additional 203 shares in the last quarter. Hourglass Capital LLC increased its holdings in BHP Group by 10.6% during the 3rd quarter. Hourglass Capital LLC now owns 77,566 shares of the mining company’s stock worth $4,818,000 after acquiring an additional 7,411 shares during the period. Simmons Bank lifted its stake in BHP Group by 10.8% in the 3rd quarter. Simmons Bank now owns 45,053 shares of the mining company’s stock worth $2,798,000 after purchasing an additional 4,395 shares in the last quarter. Jeppson Wealth Management LLC boosted its holdings in BHP Group by 10.6% in the 3rd quarter. Jeppson Wealth Management LLC now owns 35,871 shares of the mining company’s stock valued at $2,228,000 after purchasing an additional 3,430 shares during the period. Finally, Chartwell Investment Partners LLC purchased a new position in shares of BHP Group during the 3rd quarter valued at $9,830,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP opened at $51.83 on Friday. The stock’s 50-day simple moving average is $56.47 and its two-hundred day simple moving average is $56.50. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. 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 Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors 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. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 5.2%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BHP shares. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Three research 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 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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.