Ritholtz Wealth Management Has $3.83 Million Holdings in BHP Group Limited (NYSE:BHP)

Ritholtz Wealth Management lifted its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,657 shares of the mining company's stock after acquiring an additional 9,063 shares during the quarter. Ritholtz Wealth Management's holdings in BHP Group were worth $3,830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC raised its position in BHP Group by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company's stock worth $1,356,940,000 after purchasing an additional 551,575 shares during the last quarter. Wellington Management Group LLP raised its position in BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company's stock worth $299,847,000 after purchasing an additional 1,395,940 shares during the last quarter. Bank of Montreal Can raised its position in BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock worth $134,442,000 after purchasing an additional 1,981,008 shares during the last quarter. Westwood Global Investments LLC raised its position in BHP Group by 4.4% in the 2nd quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company's stock worth $69,664,000 after purchasing an additional 51,263 shares during the last quarter. Finally, Capital International Investors raised its position in BHP Group by 42.4% in the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company's stock worth $43,685,000 after purchasing an additional 225,428 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

BHP Group Stock Up 0.1 %

Shares of BHP stock traded up $0.04 on Friday, hitting $58.95. The stock had a trading volume of 1,648,274 shares, compared to its average volume of 2,493,026. BHP Group Limited has a twelve month low of $50.90 and a twelve 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. The company has a fifty day moving average price of $55.43 and a two-hundred day moving average price of $56.93.

BHP Group Increases Dividend

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