Baron Wealth Management LLC Invests $206,000 in BHP Group Limited (NYSE:BHP)

Baron Wealth Management LLC purchased a new position in BHP Group Limited (NYSE:BHP) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,309 shares of the mining company’s stock, valued at approximately $206,000.

A number of other hedge funds also recently bought and sold shares of BHP. Eastern Bank bought a new position in shares of BHP Group in the third quarter worth approximately $26,000. Asset Dedication LLC lifted its position in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group during the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BHP Group in the 2nd quarter worth $27,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BHP. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Monday. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Stock Up 0.4 %

Shares of BHP stock opened at $52.68 on Wednesday. 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 Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a 50 day simple moving average of $56.51 and a two-hundred day simple moving average of $56.48.

BHP Group Increases Dividend

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

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