SouthState Corp Has $3.78 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

SouthState Corp increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 60,915 shares of the mining company’s stock after purchasing an additional 2,560 shares during the quarter. SouthState Corp’s holdings in BHP Group were worth $3,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BHP. Bank of Montreal Can increased its position in shares of BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after buying an additional 1,981,008 shares in the last quarter. XY Capital Ltd increased its position in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after acquiring an additional 768,972 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of BHP Group during the 3rd quarter worth approximately $33,458,000. International Assets Investment Management LLC raised its position in BHP Group by 6,281.5% during the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock worth $276,180,000 after acquiring an additional 437,696 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its holdings in shares of BHP Group by 5,577.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company’s stock valued at $16,376,000 after purchasing an additional 259,022 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the topic of a number of research analyst reports. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $52.47 on Tuesday. The firm’s fifty day moving average is $56.49 and its 200-day moving average is $56.50. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were paid a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. The ex-dividend date was Friday, September 13th.

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.