Farther Finance Advisors LLC Increases Position in BHP Group Limited (NYSE:BHP)

Farther Finance Advisors LLC boosted its holdings in shares of BHP Group Limited (NYSE:BHP) by 139.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,903 shares of the mining company’s stock after purchasing an additional 4,022 shares during the period. Farther Finance Advisors LLC’s holdings in BHP Group were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BHP. Barclays PLC lifted its position in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after buying an additional 109,337 shares in the last quarter. FMR LLC raised its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares during the period. JPMorgan Chase & Co. lifted its holdings in BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after purchasing an additional 22,677 shares during the period. Finally, Range Financial Group LLC purchased a new stake in shares of BHP Group during the fourth quarter worth about $1,301,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Up 2.1 %

BHP opened at $50.51 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company’s 50 day simple moving average is $49.93 and its two-hundred day simple moving average is $52.66. The firm has a market capitalization of $128.07 billion, a price-to-earnings ratio of 11.48 and a beta of 0.90. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21.

BHP Group Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.