BHP Group Limited (NYSE:BHP) Holdings Raised by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC grew its stake in shares of BHP Group Limited (NYSE:BHP) by 5,577.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 263,666 shares of the mining company’s stock after acquiring an additional 259,022 shares during the period. Pathway Financial Advisers LLC’s holdings in BHP Group were worth $16,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BHP. Bank of Montreal Can lifted its stake in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in BHP Group in the 3rd quarter worth approximately $33,458,000. International Assets Investment Management LLC boosted 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 purchasing an additional 437,696 shares during the period. Capital International Investors grew its holdings in BHP Group by 42.4% during the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock valued at $43,685,000 after purchasing an additional 225,428 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of BHP Group by 477.0% in the second quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company’s stock valued at $11,982,000 after purchasing an additional 173,510 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

NYSE BHP traded up $0.28 during midday trading on Friday, hitting $56.44. The company had a trading volume of 1,727,829 shares, compared to its average volume of 2,474,933. The firm has a fifty day simple moving average of $56.19 and a two-hundred day simple moving average of $56.85. 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 quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The stock has a market cap of $142.96 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 3.95 and a beta of 0.96.

BHP Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a dividend of $1.465 per share. The ex-dividend date was Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. BHP Group’s dividend payout ratio (DPR) is 62.08%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BHP shares. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

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.