Legacy Financial Advisors Inc. Makes New $602,000 Investment in BHP Group Limited Sponsored ADR $BHP

Legacy Financial Advisors Inc. bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,794 shares of the mining company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its stake in BHP Group by 230.0% in the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after purchasing an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BHP Group by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after buying an additional 2,331 shares in the last quarter. Ethic Inc. raised its position in shares of BHP Group by 30.3% in the second quarter. Ethic Inc. now owns 8,472 shares of the mining company’s stock valued at $412,000 after buying an additional 1,972 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of BHP Group by 6.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 96,114 shares of the mining company’s stock valued at $4,622,000 after buying an additional 5,753 shares during the period. Finally, Integral Investment Advisors Inc. acquired a new stake in BHP Group during the second quarter worth approximately $209,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the subject of several analyst reports. Argus raised BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Tuesday, December 30th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $56.00.

BHP Group Stock Up 1.6%

Shares of BHP stock opened at $78.06 on Tuesday. The business has a fifty day simple moving average of $66.68 and a 200 day simple moving average of $59.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $78.24.

BHP Group Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 6th will be paid a $1.46 dividend. This represents a dividend yield of 399.0%. The ex-dividend date is Friday, March 6th.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.