Schechter Investment Advisors LLC Has $624,000 Position in BHP Group Limited (NYSE:BHP)

Schechter Investment Advisors LLC raised its stake in shares of BHP Group Limited (NYSE:BHP) by 18.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BHP. Barclays PLC lifted its stake in BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after acquiring an additional 109,337 shares in the last quarter. FMR LLC lifted its holdings in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after buying an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd increased its position in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BHP shares. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group dropped their price target 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. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

BHP Group stock opened at $49.28 on Wednesday. The stock has a fifty day moving average of $49.79 and a 200-day moving average of $52.97. The stock has a market capitalization of $124.97 billion, a P/E ratio of 11.20 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a 52 week low of $48.06 and a 52 week 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. Stockholders of record on Friday, March 7th will be paid 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 currently 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.