Lindbrook Capital LLC Raises Stock Position in BHP Group Limited (NYSE:BHP)

Lindbrook Capital LLC raised its stake in shares of BHP Group Limited (NYSE:BHPFree Report) by 40.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,034 shares of the mining company’s stock after purchasing an additional 1,445 shares during the period. Lindbrook Capital LLC’s holdings in BHP Group were worth $344,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BHP. Covestor Ltd purchased a new position in BHP Group in the 1st quarter valued at about $26,000. Russell Investments Group Ltd. acquired a new position in shares of BHP Group during the first quarter valued at approximately $27,000. Salem Investment Counselors Inc. boosted its stake in shares of BHP Group by 110.0% in the second quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company’s stock worth $26,000 after acquiring an additional 241 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of BHP Group in the first quarter worth approximately $38,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of BHP Group during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

BHP stock opened at $58.12 on Monday. The stock has a 50-day moving average price of $58.03 and a two-hundred day moving average price of $60.19. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 8th were issued a $1.44 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 5.2%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Liberum Capital restated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.00.

View Our Latest Stock Report on BHP Group

BHP Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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