NewEdge Wealth LLC Purchases 7,853 Shares of BHP Group Limited Sponsored ADR $BHP

NewEdge Wealth LLC grew its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 8.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 97,082 shares of the mining company’s stock after buying an additional 7,853 shares during the quarter. NewEdge Wealth LLC’s holdings in BHP Group were worth $5,861,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its stake in BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after buying an additional 291 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after buying an additional 284 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in BHP Group during the fourth quarter worth about $39,000. Ameriflex Group Inc. grew its stake in BHP Group by 100.0% during the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after buying an additional 359 shares during the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in BHP Group during the third quarter worth about $43,000. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 0.0%

Shares of NYSE BHP opened at $84.75 on Monday. The company’s 50 day simple moving average is $75.42 and its 200 day simple moving average is $66.82. BHP Group Limited Sponsored ADR has a fifty-two week low of $45.74 and a fifty-two week high of $85.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

BHP Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were issued a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BHP. Argus set a $95.00 target price on shares of BHP Group in a research report on Monday, April 27th. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.33.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.