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

Jones Financial Companies Lllp boosted its holdings in shares of BHP Group Limited (NYSE:BHP) by 34.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,114 shares of the mining company’s stock after purchasing an additional 7,641 shares during the quarter. Jones Financial Companies Lllp’s holdings in BHP Group were worth $1,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $127,000. Smartleaf Asset Management LLC grew its holdings in BHP Group by 29.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,508 shares of the mining company’s stock valued at $269,000 after buying an additional 1,242 shares in the last quarter. Capital Wealth Planning LLC grew its holdings in BHP Group by 8.8% during the 4th quarter. Capital Wealth Planning LLC now owns 14,056 shares of the mining company’s stock valued at $686,000 after buying an additional 1,136 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of BHP Group in the 4th quarter worth approximately $452,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock opened at $50.17 on Friday. BHP Group Limited has a 52-week low of $48.06 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 firm has a market capitalization of $127.23 billion, a P/E ratio of 11.40 and a beta of 0.95. The stock has a 50 day moving average price of $49.86 and a 200 day moving average price of $52.92.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders 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%.

Wall Street Analyst Weigh In

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