Naviter Wealth LLC Increases Holdings in BHP Group Limited (NYSE:BHP)

Naviter Wealth LLC increased its holdings in BHP Group Limited (NYSE:BHP) by 26.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,853 shares of the mining company’s stock after buying an additional 10,180 shares during the quarter. Naviter Wealth LLC’s holdings in BHP Group were worth $3,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BHP. Cape Investment Advisory Inc. boosted its holdings in shares of BHP Group by 37.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock valued at $36,000 after acquiring an additional 174 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of BHP Group during the 3rd quarter valued at approximately $37,000. NBC Securities Inc. acquired a new position in shares of BHP Group in the 3rd quarter valued at $41,000. Headinvest LLC purchased a new position in BHP Group in the third quarter valued at $52,000. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of BHP Group by 64.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,079 shares of the mining company’s stock worth $61,000 after acquiring an additional 422 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

BHP traded up $0.37 on Monday, reaching $56.80. 1,465,274 shares of the company’s stock were exchanged, compared to its average volume of 2,623,963. BHP Group Limited has a twelve month low of $54.28 and a twelve month 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. The stock’s fifty day moving average price is $57.85 and its 200-day moving average price is $60.24.

BHP Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.