Pekin Hardy Strauss Inc. Decreases Stake in BHP Group Limited (NYSE:BHP)

Pekin Hardy Strauss Inc. cut its position in BHP Group Limited (NYSE:BHP) by 18.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,113 shares of the mining company’s stock after selling 1,415 shares during the period. Pekin Hardy Strauss Inc.’s holdings in BHP Group were worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SevenBridge Financial Group LLC grew its stake in shares of BHP Group by 9.1% during the third quarter. SevenBridge Financial Group LLC now owns 17,132 shares of the mining company’s stock worth $1,064,000 after purchasing an additional 1,436 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of BHP Group by 594.2% during the 3rd quarter. Larson Financial Group LLC now owns 2,874 shares of the mining company’s stock worth $179,000 after acquiring an additional 2,460 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of BHP Group by 32.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 13,051 shares of the mining company’s stock valued at $811,000 after acquiring an additional 3,201 shares during the last quarter. Cerity Partners LLC raised its position in shares of BHP Group by 25.5% during the 3rd quarter. Cerity Partners LLC now owns 84,592 shares of the mining company’s stock worth $5,257,000 after acquiring an additional 17,191 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new stake in BHP Group during the third quarter worth approximately $294,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Up 0.7 %

Shares of BHP Group stock opened at $52.36 on Monday. The firm’s fifty day simple moving average is $56.46 and its 200-day simple moving average is $56.38. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11.

BHP Group Increases Dividend

The firm also recently announced 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 represents a dividend yield of 5.2%. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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.