Legacy Wealth Asset Management LLC Lowers Stake in BHP Group Limited (NYSE:BHP)

Legacy Wealth Asset Management LLC reduced its stake in shares of BHP Group Limited (NYSE:BHP) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 37,340 shares of the mining company’s stock after selling 952 shares during the period. Legacy Wealth Asset Management LLC’s holdings in BHP Group were worth $2,319,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BHP. Asset Dedication LLC boosted its stake in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares during the period. Eastern Bank purchased a new stake in shares of BHP Group during the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BHP Group during the second quarter valued at $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of BHP Group during the second quarter valued at $27,000. Finally, WFA Asset Management Corp purchased a new stake in shares of BHP Group during the first quarter valued at $31,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on BHP shares. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three investment 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Stock Performance

Shares of BHP Group stock opened at $56.44 on Friday. The company has a market capitalization of $142.96 billion, a PE ratio of 11.96, a P/E/G ratio of 3.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50-day simple moving average of $56.13 and a two-hundred day simple moving average of $56.87. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11.

BHP Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were issued a $1.465 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. BHP Group’s payout ratio is currently 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.