Apollon Wealth Management LLC Has $718,000 Stock Holdings in BHP Group Limited (NYSE:BHP)

Apollon Wealth Management LLC lowered its holdings in BHP Group Limited (NYSE:BHP) by 3.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,564 shares of the mining company’s stock after selling 401 shares during the quarter. Apollon Wealth Management LLC’s holdings in BHP Group were worth $718,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BHP. Virtu Financial LLC acquired a new position in shares of BHP Group in the first quarter valued at $1,953,000. XY Capital Ltd raised its stake in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares in the last quarter. Ausbil Investment Management Ltd bought a new position in shares of BHP Group during the 3rd quarter worth about $2,360,000. SG Americas Securities LLC boosted its position in shares of BHP Group by 477.0% during the 2nd 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 in the last quarter. Finally, Chartwell Investment Partners LLC bought a new stake in BHP Group in the third quarter valued at about $9,830,000. 3.79% of the stock is owned by institutional investors.

BHP Group Price Performance

Shares of BHP stock opened at $51.83 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $56.46 and its 200-day moving average is $56.54. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were given a $1.465 dividend. This represents a yield of 5.2%. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date was Friday, September 13th.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BHP. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $68.00 in a research 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, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $68.00.

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.