Cadence Wealth Management LLC Has $516,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Cadence Wealth Management LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 4.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,575 shares of the mining company’s stock after acquiring an additional 470 shares during the quarter. Cadence Wealth Management LLC’s holdings in BHP Group were worth $516,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in BHP Group during the 4th quarter worth approximately $29,000. Versant Capital Management Inc acquired a new position in shares of BHP Group in the 4th quarter worth approximately $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group in the 4th quarter worth approximately $46,000. Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group in the 4th quarter worth approximately $54,000. Finally, Rothschild Investment LLC lifted its position in shares of BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company’s stock worth $64,000 after purchasing an additional 708 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Up 2.1 %

BHP Group stock opened at $50.51 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 12-month low of $48.06 and a 12-month high of $63.21. The firm’s fifty day moving average is $49.93 and its 200 day moving average is $52.66. The company has a market capitalization of $128.07 billion, a PE ratio of 11.48 and a beta of 0.90.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 7th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a dividend yield of 4.8%. BHP Group’s payout ratio is presently 44.77%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group dropped their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, BHP Group presently has a consensus rating of “Buy” and a consensus price target 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.