529,957 Shares in BHP Group Limited (NYSE:BHP) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 529,957 shares of the mining company's stock, valued at approximately $25,878,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new position in shares of BHP Group during the 4th quarter worth $29,000. Versant Capital Management Inc acquired a new position in BHP Group during the fourth quarter worth about $40,000. Union Bancaire Privee UBP SA bought a new position in shares of BHP Group in the fourth quarter worth about $46,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of BHP Group in the 4th quarter valued at approximately $54,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of BHP Group by 42.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,169 shares of the mining company's stock valued at $73,000 after purchasing an additional 351 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 0.8 %

BHP Group stock traded down $0.43 during mid-day trading on Wednesday, hitting $50.11. 1,777,299 shares of the stock were exchanged, compared to its average volume of 2,594,473. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The firm's fifty day simple moving average is $49.98 and its two-hundred day simple moving average is $52.62. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The stock has a market capitalization of $127.07 billion, a price-to-earnings ratio of 11.39 and a beta of 0.90.

Remove Ads

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 4.8%. BHP Group's dividend payout ratio (DPR) is presently 44.77%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BHP. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, BHP Group currently has an average rating of "Buy" and a consensus price target of $53.00.

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