Marks Group Wealth Management Inc Sells 431 Shares of BHP Group Limited (NYSE:BHP)

Marks Group Wealth Management Inc lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,449 shares of the mining company’s stock after selling 431 shares during the quarter. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $525,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHP. Asset Dedication LLC grew 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 last quarter. Eastern Bank acquired a new position in BHP Group during the 3rd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in BHP Group in the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC bought a new position in BHP Group in the 2nd quarter valued at $27,000. Finally, Sound Income Strategies LLC increased its stake in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Trading Down 1.3 %

NYSE:BHP opened at $55.94 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 1-year low of $50.90 and a 1-year high of $69.11. The business’s 50-day moving average price is $56.45 and its two-hundred day moving average price is $56.70.

BHP Group Increases Dividend

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

About BHP Group

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.