Sequoia Financial Advisors LLC Has $1.87 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Sequoia Financial Advisors LLC boosted its holdings in BHP Group Limited (NYSE:BHP) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,367 shares of the mining company’s stock after purchasing an additional 360 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in BHP Group were worth $1,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Saturna Capital Corp raised its stake in BHP Group by 11.4% in the 4th quarter. Saturna Capital Corp now owns 11,868 shares of the mining company’s stock worth $580,000 after purchasing an additional 1,214 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in BHP Group in the 4th quarter worth about $9,323,000. Jackson Hole Capital Partners LLC raised its stake in BHP Group by 59.2% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 13,100 shares of the mining company’s stock worth $640,000 after purchasing an additional 4,871 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in BHP Group in the 4th quarter worth about $8,795,000. Finally, AMG National Trust Bank raised its stake in BHP Group by 41.2% in the 4th quarter. AMG National Trust Bank now owns 4,894 shares of the mining company’s stock worth $239,000 after purchasing an additional 1,427 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BHP. Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, BHP Group currently has a consensus rating of “Buy” and an average price target of $53.00.

BHP Group Price Performance

Shares of NYSE:BHP opened at $49.44 on Friday. The firm has a 50 day moving average of $49.89 and a 200-day moving average of $52.72. The stock has a market capitalization of $125.36 billion, a PE ratio of 11.24 and a beta of 0.90. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be issued a dividend of $1.00 per share. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is presently 44.77%.

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.