Kingswood Wealth Advisors LLC Purchases 2,820 Shares of BHP Group Limited (NYSE:BHP)

Kingswood Wealth Advisors LLC increased its position in BHP Group Limited (NYSE:BHP) by 63.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,269 shares of the mining company’s stock after purchasing an additional 2,820 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in BHP Group were worth $497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its stake in BHP Group by 2.8% during the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after acquiring an additional 126,643 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after buying an additional 924,202 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of BHP Group in the third quarter valued at $6,933,000. Atria Investments Inc acquired a new stake in shares of BHP Group in the third quarter valued at $1,008,000. Finally, Segantii Capital Management Ltd acquired a new stake in BHP Group in the third quarter worth about $4,970,000. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

BHP Group Stock Performance

NYSE:BHP opened at $57.52 on Thursday. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The business’s 50-day simple moving average is $58.92 and its 200-day simple moving average is $59.95.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be given a dividend of $1.44 per share. This represents a yield of 5.2%. The ex-dividend date is Thursday, March 7th.

About BHP Group

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.