Adero Partners LLC Purchases Shares of 3,908 BHP Group Limited (NYSE:BHP)

Adero Partners LLC purchased a new stake in BHP Group Limited (NYSE:BHP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,908 shares of the mining company’s stock, valued at approximately $243,000.

A number of other institutional investors have also recently bought and sold shares of BHP. Bank of Montreal Can raised its holdings in shares of BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. XY Capital Ltd raised its holdings in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of BHP Group in the third quarter valued at approximately $33,458,000. International Assets Investment Management LLC raised its holdings in shares of BHP Group by 6,281.5% in the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after purchasing an additional 437,696 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its holdings in shares of BHP Group by 5,577.6% in the third quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock valued at $16,376,000 after purchasing an additional 259,022 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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

BHP Group Trading Down 0.4 %

Shares of BHP Group stock opened at $51.84 on Monday. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11. The business has a fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $56.52. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

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

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