Schechter Investment Advisors LLC Has $1.09 Million Stock Position in BHP Group Limited (NYSE:BHP)

Schechter Investment Advisors LLC grew its stake in shares of BHP Group Limited (NYSE:BHP) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 15,963 shares of the mining company’s stock after buying an additional 880 shares during the period. Schechter Investment Advisors LLC’s holdings in BHP Group were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BHP. Arrowstreet Capital Limited Partnership increased its holdings in shares of BHP Group by 119.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company’s stock worth $798,672,000 after acquiring an additional 5,632,545 shares during the last quarter. Norges Bank acquired a new position in shares of BHP Group during the 4th quarter worth approximately $174,257,000. Bank of America Corp DE increased its holdings in shares of BHP Group by 33.2% during the 1st quarter. Bank of America Corp DE now owns 3,768,982 shares of the mining company’s stock worth $238,991,000 after acquiring an additional 938,755 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of BHP Group by 44.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after acquiring an additional 924,202 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of BHP Group by 96.4% during the 1st quarter. Royal Bank of Canada now owns 1,463,194 shares of the mining company’s stock worth $113,033,000 after acquiring an additional 718,247 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

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

BHP Group Stock Up 1.7 %

BHP opened at $57.52 on Thursday. The business has a fifty day simple moving average of $58.92 and a 200 day simple moving average of $59.95. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

BHP Group Cuts Dividend

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

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