Jones Financial Companies Lllp Purchases 7,641 Shares of BHP Group Limited (NYSE:BHP)

Jones Financial Companies Lllp boosted its stake in BHP Group Limited (NYSE:BHP - Free Report) by 34.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,114 shares of the mining company's stock after acquiring an additional 7,641 shares during the period. Jones Financial Companies Lllp's holdings in BHP Group were worth $1,470,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in BHP Group in the 4th quarter worth about $29,000. Versant Capital Management Inc purchased a new stake in BHP Group during the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA bought a new position in shares of BHP Group in the fourth quarter worth approximately $46,000. Newbridge Financial Services Group Inc. bought a new stake in BHP Group in the 4th quarter worth $54,000. Finally, Rothschild Investment LLC grew its position in shares of BHP Group by 119.4% in the 4th quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company's stock worth $64,000 after buying an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analyst Ratings Changes

BHP has been the subject of several recent research reports. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Clarkson Capital upgraded BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $53.00.

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BHP Group Stock Performance

NYSE:BHP traded up $0.20 during trading hours on Tuesday, reaching $49.81. The company had a trading volume of 3,564,695 shares, compared to its average volume of 2,416,026. The firm's 50 day moving average price is $49.88 and its 200-day moving average price is $52.86. The firm has a market cap of $126.29 billion, a price-to-earnings ratio of 11.32 and a beta of 0.90. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

BHP Group Cuts Dividend

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

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