Sagespring Wealth Partners LLC Takes $323,000 Position in BHP Group Limited (NYSE:BHP)

Sagespring Wealth Partners LLC purchased a new position in shares of BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,617 shares of the mining company's stock, valued at approximately $323,000.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after purchasing an additional 109,337 shares in the last quarter. Passumpsic Savings Bank lifted its stake in BHP Group by 8.3% in the third quarter. Passumpsic Savings Bank now owns 4,548 shares of the mining company's stock worth $282,000 after purchasing an additional 349 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in BHP Group during the third quarter valued at about $114,000. Optimist Retirement Group LLC lifted its stake in shares of BHP Group by 16.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 38,823 shares of the mining company's stock valued at $2,411,000 after acquiring an additional 5,432 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in BHP Group by 21.8% during the 3rd quarter. Tidal Investments LLC now owns 141,455 shares of the mining company's stock valued at $8,786,000 after acquiring an additional 25,342 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Up 0.1 %

Shares of BHP traded up $0.05 during trading hours on Monday, hitting $46.54. The company had a trading volume of 486,192 shares, compared to its average volume of 2,962,177. The firm has a fifty day moving average price of $48.40 and a 200-day moving average price of $51.04. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market capitalization of $118.00 billion, a price-to-earnings ratio of 10.60 and a beta of 0.85.

BHP Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 7th were issued a $1.00 dividend. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group's dividend payout ratio (DPR) is presently 44.77%.

Analysts Set New Price Targets

BHP has been the topic of a number of analyst reports. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. StockNews.com lowered shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group lowered their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, BHP Group has an average rating of "Buy" and a consensus target price of $53.00.

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.