BHP Group Limited (NYSE:BHP) Shares Purchased by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of BHP Group Limited (NYSE:BHP) by 8.7% in the 4th quarter, Holdings Channel reports. The fund owned 35,124 shares of the mining company’s stock after acquiring an additional 2,816 shares during the period. Signaturefd LLC’s holdings in BHP Group were worth $1,715,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Huntington National Bank raised its position in shares of BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares in the last quarter. Adero Partners LLC bought a new stake in shares of BHP Group in the third quarter worth $243,000. AMG National Trust Bank acquired a new stake in BHP Group in the third quarter valued at $215,000. Baron Wealth Management LLC bought a new position in BHP Group during the 3rd quarter valued at $206,000. Finally, Caprock Group LLC grew its holdings in BHP Group by 1.3% during the 3rd quarter. Caprock Group LLC now owns 30,330 shares of the mining company’s stock worth $1,930,000 after acquiring an additional 396 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of NYSE BHP opened at $50.51 on Tuesday. BHP Group Limited has a twelve month low of $48.06 and a twelve 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. The firm has a 50-day moving average of $49.93 and a two-hundred day moving average of $52.66. The company has a market capitalization of $128.07 billion, a price-to-earnings ratio of 11.48 and a beta of 0.90.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors 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 is presently 44.77%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BHP shares. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group decreased their target price 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. Finally, Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Two 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.