Cohen Capital Management Inc. Invests $212,000 in BHP Group Limited (NYSE:BHP)

Cohen Capital Management Inc. purchased a new stake in shares of BHP Group Limited (NYSE:BHP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,419 shares of the mining company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in BHP Group in the first quarter worth approximately $1,953,000. Quantbot Technologies LP raised its position in BHP Group by 104.7% in the first quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock worth $1,894,000 after acquiring an additional 16,788 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in BHP Group in the 3rd quarter valued at about $2,360,000. GSA Capital Partners LLP bought a new position in shares of BHP Group during the 1st quarter valued at about $759,000. Finally, SG Americas Securities LLC grew its stake in shares of BHP Group by 477.0% in the 2nd quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company’s stock worth $11,982,000 after purchasing an additional 173,510 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of BHP opened at $55.97 on Monday. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a market capitalization of $141.93 billion, a PE ratio of 12.00, a PEG ratio of 3.76 and a beta of 0.98. The company’s 50 day moving average price is $56.38 and its 200 day moving average price is $56.73.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were paid 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 dividend yield of 5.2%. BHP Group’s payout ratio is presently 62.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BHP shares. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.