United Capital Financial Advisers LLC boosted its stake in shares of BHP Group Ltd (NYSE:BHP) by 12.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,282 shares of the mining company’s stock after purchasing an additional 2,880 shares during the period. United Capital Financial Advisers LLC’s holdings in BHP Group were worth $1,469,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vigilant Capital Management LLC purchased a new position in BHP Group during the second quarter valued at approximately $29,000. Liberty Wealth Management LLC grew its position in BHP Group by 3,720.0% in the second quarter. Liberty Wealth Management LLC now owns 573 shares of the mining company’s stock worth $30,000 after acquiring an additional 558 shares in the last quarter. Rehmann Capital Advisory Group grew its position in BHP Group by 31.4% in the first quarter. Rehmann Capital Advisory Group now owns 783 shares of the mining company’s stock worth $43,000 after acquiring an additional 187 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in BHP Group in the first quarter worth approximately $55,000. Finally, AlphaMark Advisors LLC grew its position in BHP Group by 25.0% in the first quarter. AlphaMark Advisors LLC now owns 1,500 shares of the mining company’s stock worth $72,000 after acquiring an additional 300 shares in the last quarter. 3.77% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. ValuEngine downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Exane BNP Paribas downgraded shares of BHP Group from a “neutral” rating to an “underperform” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of BHP Group from an “underweight” rating to a “neutral” rating in a report on Friday, July 12th. Bank of America downgraded shares of BHP Group from a “neutral” rating to an “underperform” rating in a report on Friday, August 16th. Finally, Goldman Sachs Group raised shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Monday, September 9th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. BHP Group currently has a consensus rating of “Hold” and a consensus price target of $62.00.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be paid a dividend of $1.56 per share. The ex-dividend date is Thursday, September 5th. BHP Group’s payout ratio is currently 85.25%.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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