XY Capital Ltd Purchases 768,972 Shares of BHP Group Limited (NYSE:BHP)

XY Capital Ltd lifted its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 503.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 921,666 shares of the mining company's stock after acquiring an additional 768,972 shares during the quarter. BHP Group makes up approximately 19.6% of XY Capital Ltd's holdings, making the stock its biggest position. XY Capital Ltd's holdings in BHP Group were worth $57,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Bank of Montreal Can lifted its holdings in BHP Group by 532.2% during the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock valued at $134,442,000 after buying an additional 1,981,008 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of BHP Group in the 3rd quarter valued at about $33,458,000. International Assets Investment Management LLC raised its position in shares of BHP Group by 6,281.5% in the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company's stock worth $276,180,000 after acquiring an additional 437,696 shares during the period. Pathway Financial Advisers LLC raised its holdings in BHP Group by 5,577.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 263,666 shares of the mining company's stock worth $16,376,000 after purchasing an additional 259,022 shares during the period. Finally, Capital International Investors grew its position in shares of BHP Group by 42.4% in the first quarter. Capital International Investors now owns 757,231 shares of the mining company's stock valued at $43,685,000 after purchasing an additional 225,428 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 28th. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.00.

BHP Group Price Performance

BHP Group stock traded down $2.56 during trading on Friday, reaching $55.19. The company had a trading volume of 4,307,531 shares, compared to its average volume of 1,934,684. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The stock's 50 day moving average price is $56.50 and its two-hundred day moving average price is $56.69. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11.

BHP Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were given a $1.465 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%. This is a positive change from BHP Group's previous Semi-Annual dividend of $1.44.

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.