BHP Group Limited (NYSE:BHP) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its position in shares of BHP Group Limited (NYSE:BHP) by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,113 shares of the mining company’s stock after selling 1,415 shares during the period. Pekin Hardy Strauss Inc.’s holdings in BHP Group were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of BHP Group by 10.7% during the 1st quarter. Russell Investments Group Ltd. now owns 2,934 shares of the mining company’s stock valued at $169,000 after buying an additional 284 shares during the period. Toronto Dominion Bank lifted its stake in shares of BHP Group by 62.6% in the 1st quarter. Toronto Dominion Bank now owns 4,115 shares of the mining company’s stock valued at $237,000 after purchasing an additional 1,585 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in shares of BHP Group by 26.5% during the 1st quarter. 1832 Asset Management L.P. now owns 20,621 shares of the mining company’s stock worth $1,190,000 after purchasing an additional 4,321 shares during the period. Waverly Advisors LLC grew its holdings in shares of BHP Group by 534.5% during the 1st quarter. Waverly Advisors LLC now owns 31,653 shares of the mining company’s stock worth $1,826,000 after purchasing an additional 26,664 shares during the period. Finally, Dynasty Wealth Management LLC purchased a new stake in BHP Group in the 1st quarter valued at about $720,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BHP has been the subject of several research analyst reports. Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 18th. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and cut their target price for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Trading Up 0.7 %

Shares of BHP stock opened at $52.36 on Monday. BHP Group Limited has a fifty-two week low of $50.90 and a fifty-two week high of $69.11. The company has a 50 day moving average price of $56.46 and a 200 day moving average price of $56.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Increases Dividend

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

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.