Janney Montgomery Scott LLC Sells 11,988 Shares of BHP Group Limited (NYSE:BHP)

Janney Montgomery Scott LLC trimmed its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 23.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,225 shares of the mining company's stock after selling 11,988 shares during the quarter. Janney Montgomery Scott LLC's holdings in BHP Group were worth $2,498,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BHP. Allspring Global Investments Holdings LLC purchased a new stake in BHP Group during the 1st quarter valued at about $323,000. Envestnet Portfolio Solutions Inc. lifted its stake in BHP Group by 27.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 13,541 shares of the mining company's stock valued at $781,000 after acquiring an additional 2,901 shares during the period. SG Americas Securities LLC lifted its stake in BHP Group by 18.9% during the 1st quarter. SG Americas Securities LLC now owns 36,373 shares of the mining company's stock valued at $2,098,000 after acquiring an additional 5,792 shares during the period. Oppenheimer & Co. Inc. lifted its stake in BHP Group by 8.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 23,874 shares of the mining company's stock valued at $1,377,000 after acquiring an additional 1,834 shares during the period. Finally, Sei Investments Co. lifted its stake in BHP Group by 10.3% during the 1st quarter. Sei Investments Co. now owns 91,313 shares of the mining company's stock valued at $5,268,000 after acquiring an additional 8,511 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BHP. StockNews.com upgraded shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, August 28th. Jefferies Financial Group cut shares of BHP Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $68.00.

BHP Group Stock Performance

Shares of NYSE:BHP traded down $0.92 during trading on Tuesday, hitting $52.61. The company's stock had a trading volume of 2,420,516 shares, compared to its average volume of 2,463,295. The company has a 50-day moving average of $56.47 and a 200-day moving average of $56.63. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

BHP Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were paid a dividend of $1.465 per share. This is a boost from BHP Group's previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 5.2%.

BHP Group 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.