Union Bancaire Privee UBP SA Purchases New Position in BHP Group Limited (NYSE:BHP)

Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 975 shares of the mining company’s stock, valued at approximately $46,000.

Several other institutional investors also recently bought and sold shares of BHP. Allspring Global Investments Holdings LLC grew its stake in BHP Group by 11.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,839 shares of the mining company’s stock valued at $673,000 after acquiring an additional 1,087 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of BHP Group by 76.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,867 shares of the mining company’s stock valued at $2,104,000 after purchasing an additional 14,700 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of BHP Group by 53.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the mining company’s stock worth $127,000 after purchasing an additional 700 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of BHP Group during the 3rd quarter worth about $50,000. Finally, Nicholas Hoffman & Company LLC. raised its position in shares of BHP Group by 2.5% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 11,396 shares of the mining company’s stock worth $708,000 after purchasing an additional 275 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. 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 report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Down 0.8 %

BHP stock opened at $50.67 on Wednesday. The firm has a 50-day moving average of $49.80 and a two-hundred day moving average of $53.11. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. 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 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 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.