BHP Group Limited (NYSE:BHP) Position Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in BHP Group Limited (NYSE:BHP) by 74.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,752 shares of the mining company’s stock after purchasing an additional 4,161 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BHP Group were worth $557,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BHP. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BHP Group in the 2nd quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of BHP Group during the 4th quarter worth $28,000. Rise Advisors LLC bought a new position in shares of BHP Group during the 1st quarter valued at $29,000. WFA Asset Management Corp acquired a new stake in shares of BHP Group in the 1st quarter valued at $31,000. Finally, Viking Fund Management LLC bought a new stake in BHP Group in the first quarter worth $33,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP opened at $52.52 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $55.37 and its two-hundred day moving average price is $57.02. BHP Group Limited has a 12-month low of $51.73 and a 12-month high of $69.11.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid 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 is Friday, September 13th. This represents a dividend yield of 5.2%.

Analysts Set New Price Targets

A number of analysts have weighed in on BHP shares. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Citigroup initiated coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, BHP Group presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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