BHP Group Limited (NYSE:BHP) Stock Holdings Increased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC increased its stake in shares of BHP Group Limited (NYSE:BHP) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,785 shares of the mining company’s stock after purchasing an additional 2,032 shares during the quarter. Schechter Investment Advisors LLC’s holdings in BHP Group were worth $624,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of BHP Group during the 4th quarter valued at $29,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group during the fourth quarter worth $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group during the fourth quarter valued at $46,000. Newbridge Financial Services Group Inc. purchased a new position in BHP Group in the fourth quarter valued at about $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BHP Group by 42.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company’s stock valued at $73,000 after purchasing an additional 351 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Clarkson Capital raised BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Three equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

Shares of BHP Group stock opened at $49.28 on Wednesday. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market cap of $124.97 billion, a P/E ratio of 11.20 and a beta of 0.95. The firm’s 50-day simple moving average is $49.79 and its 200-day simple moving average is $52.97.

BHP Group Cuts Dividend

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

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.