Raymond James Financial Services Advisors Inc. Has $3.85 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Raymond James Financial Services Advisors Inc. lifted its stake in shares of BHP Group Limited (NYSE:BHP – Get Rating) by 10.5% during the fourth quarter, Holdings Channel reports. The firm owned 61,984 shares of the mining company’s stock after purchasing an additional 5,871 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BHP Group were worth $3,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its position in shares of BHP Group by 24.8% during the third quarter. Avantax Advisory Services Inc. now owns 13,343 shares of the mining company’s stock worth $668,000 after purchasing an additional 2,648 shares during the period. Mutual Advisors LLC acquired a new stake in shares of BHP Group during the third quarter worth $206,000. Glass Jacobson Investment Advisors llc acquired a new position in BHP Group during the fourth quarter valued at $35,000. Bleakley Financial Group LLC acquired a new position in BHP Group during the fourth quarter valued at $366,000. Finally, Optimum Investment Advisors raised its position in BHP Group by 20.0% during the fourth quarter. Optimum Investment Advisors now owns 1,200 shares of the mining company’s stock valued at $74,000 after buying an additional 200 shares during the period. 5.90% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Up 0.1 %

Shares of BHP stock opened at $58.53 on Friday. The stock’s 50 day simple moving average is $59.78 and its 200 day simple moving average is $61.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.28. BHP Group Limited has a twelve month low of $46.92 and a twelve month high of $72.82.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 30th. Investors of record on Friday, March 10th were paid a $1.80 dividend. This represents a dividend yield of 8.7%. The ex-dividend date of this dividend was Thursday, March 9th.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BHP. JPMorgan Chase & Co. upped their price target on BHP Group from GBX 2,500 ($31.32) to GBX 2,510 ($31.44) in a research report on Wednesday, February 22nd. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday. Citigroup began coverage on BHP Group in a research report on Monday, April 24th. They set a “neutral” rating on the stock. Barclays dropped their price target on BHP Group from GBX 2,700 ($33.82) to GBX 2,550 ($31.94) in a research report on Wednesday, February 22nd. Finally, The Goldman Sachs Group raised BHP Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and an average target price of $2,211.50.

BHP Group Profile

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BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.