Neuberger Berman Group LLC Acquires 119,729 Shares of BHP Group Limited (NYSE:BHP)

Neuberger Berman Group LLC lifted its position in shares of BHP Group Limited (NYSE:BHPGet Rating) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,604,256 shares of the mining company’s stock after purchasing an additional 119,729 shares during the quarter. Neuberger Berman Group LLC’s holdings in BHP Group were worth $123,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in BHP Group by 17.2% in the fourth quarter. HighTower Advisors LLC now owns 25,157 shares of the mining company’s stock worth $1,513,000 after purchasing an additional 3,685 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of BHP Group during the fourth quarter worth $328,000. Bank of Montreal Can raised its position in shares of BHP Group by 67.6% during the fourth quarter. Bank of Montreal Can now owns 711,448 shares of the mining company’s stock worth $42,886,000 after acquiring an additional 287,063 shares during the last quarter. MAI Capital Management bought a new stake in shares of BHP Group during the fourth quarter worth $345,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of BHP Group by 85.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 78,473 shares of the mining company’s stock worth $4,736,000 after acquiring an additional 36,058 shares during the last quarter. Institutional investors and hedge funds own 6.53% of the company’s stock.

BHP Group Price Performance

Shares of BHP opened at $50.95 on Friday. BHP Group Limited has a 12 month low of $47.35 and a 12 month high of $79.66. The stock’s 50-day moving average price is $53.49 and its two-hundred day moving average price is $62.70. The company has a quick ratio of 1.40, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Friday, September 2nd will be given a $3.50 dividend. The ex-dividend date is Thursday, September 1st. This is a positive change from BHP Group’s previous semi-annual dividend of $3.00. This represents a dividend yield of 11.3%.

Analyst Ratings Changes

A number of research firms recently commented on BHP. Deutsche Bank Aktiengesellschaft dropped their price objective on BHP Group from GBX 2,250 ($27.19) to GBX 2,200 ($26.58) in a report on Wednesday, June 29th. The Goldman Sachs Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a report on Wednesday, July 13th. UBS Group reduced their price objective on BHP Group from GBX 2,100 ($25.37) to GBX 2,050 ($24.77) in a research report on Wednesday, July 20th. Credit Suisse Group upped their price objective on BHP Group from GBX 2,200 ($26.58) to GBX 2,300 ($27.79) in a research report on Wednesday, August 17th. Finally, Jefferies Financial Group raised BHP Group to a “buy” rating and set a $82.00 price objective for the company in a research report on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and a consensus price target of $1,782.85.

About BHP Group

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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.

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

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