Pathway Financial Advisers LLC Has $16.38 Million Stake in BHP Group Limited (NYSE:BHP)

Pathway Financial Advisers LLC raised its position in BHP Group Limited (NYSE:BHP - Free Report) by 5,577.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 263,666 shares of the mining company's stock after buying an additional 259,022 shares during the quarter. Pathway Financial Advisers LLC's holdings in BHP Group were worth $16,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can increased its stake in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock valued at $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of BHP Group during the 3rd quarter worth $33,458,000. International Assets Investment Management LLC lifted its position in shares of BHP Group by 6,281.5% during the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company's stock worth $276,180,000 after buying an additional 437,696 shares during the last quarter. Capital International Investors boosted its stake in 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 buying an additional 225,428 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in BHP Group by 477.0% in the second quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company's stock valued at $11,982,000 after acquiring an additional 173,510 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of 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. Jefferies Financial Group downgraded BHP Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $72.00 to $68.00 in a report 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. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Three 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. According to data from MarketBeat, BHP Group currently has an average rating of "Moderate Buy" and a consensus price target of $68.00.

BHP Group Trading Up 0.5 %

NYSE:BHP traded up $0.28 during trading hours on Friday, hitting $56.44. 1,727,829 shares of the company were exchanged, compared to its average volume of 2,474,933. The stock has a market capitalization of $142.96 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 3.95 and a beta of 0.96. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The company has a fifty day simple moving average of $56.19 and a 200 day simple moving average of $56.85. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were issued a $1.465 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from BHP Group's previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. BHP Group's dividend payout ratio is presently 62.08%.

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.