Sequoia Financial Advisors LLC Has $1.87 Million Stake in BHP Group Limited (NYSE:BHP)

Sequoia Financial Advisors LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,367 shares of the mining company’s stock after purchasing an additional 360 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in BHP Group were worth $1,873,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its holdings in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the last quarter. Wellington Management Group LLP lifted its stake in BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after acquiring an additional 642,765 shares during the last quarter. FMR LLC lifted its stake in BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after acquiring an additional 55,095 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in BHP Group in the fourth quarter valued at $25,878,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP opened at $49.44 on Friday. The firm has a 50-day moving average of $49.89 and a 200-day moving average of $52.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market cap of $125.36 billion, a PE ratio of 11.24 and a beta of 0.90. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group cut their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $53.00.

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.