BHP Group Limited (NYSE:BHP) Shares Purchased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC boosted its holdings in BHP Group Limited (NYSE:BHP) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 15,963 shares of the mining company’s stock after acquiring an additional 880 shares during the period. Schechter Investment Advisors LLC’s holdings in BHP Group were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Aprio Wealth Management LLC acquired a new position in BHP Group in the fourth quarter worth $253,000. Kingswood Wealth Advisors LLC lifted its stake in BHP Group by 63.4% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 7,269 shares of the mining company’s stock valued at $497,000 after buying an additional 2,820 shares during the last quarter. Raymond James & Associates lifted its stake in BHP Group by 5.3% in the fourth quarter. Raymond James & Associates now owns 279,297 shares of the mining company’s stock valued at $19,079,000 after buying an additional 14,050 shares during the last quarter. First Financial Corp IN lifted its stake in BHP Group by 6.6% in the fourth quarter. First Financial Corp IN now owns 5,858 shares of the mining company’s stock valued at $400,000 after buying an additional 363 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in BHP Group in the fourth quarter valued at $206,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 1.7 %

Shares of NYSE BHP opened at $57.52 on Thursday. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The firm’s 50-day simple moving average is $58.92 and its 200 day simple moving average is $59.95. 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 Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be paid a dividend of $1.44 per share. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, March 7th.

Wall Street Analyst Weigh In

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

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.