Archer Investment Corp Raises Holdings in BHP Group Limited (NYSE:BHP)

Archer Investment Corp raised its holdings in BHP Group Limited (NYSE:BHP) by 888.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 890 shares of the mining company’s stock after purchasing an additional 800 shares during the quarter. Archer Investment Corp’s holdings in BHP Group were worth $51,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Naviter Wealth LLC increased its position in shares of BHP Group by 10.4% during the 2nd quarter. Naviter Wealth LLC now owns 63,119 shares of the mining company’s stock worth $3,603,000 after purchasing an additional 5,970 shares during the last quarter. Natixis Advisors LLC increased its position in shares of BHP Group by 9.9% during the second quarter. Natixis Advisors LLC now owns 489,908 shares of the mining company’s stock valued at $27,969,000 after acquiring an additional 44,332 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of BHP Group by 2.4% in the 2nd quarter. Ritholtz Wealth Management now owns 52,594 shares of the mining company’s stock valued at $3,003,000 after acquiring an additional 1,212 shares during the period. Cadence Wealth Management LLC lifted its holdings in shares of BHP Group by 11.0% in the 2nd quarter. Cadence Wealth Management LLC now owns 10,027 shares of the mining company’s stock worth $572,000 after acquiring an additional 994 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of BHP Group by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 92,410 shares of the mining company’s stock worth $5,276,000 after purchasing an additional 17,118 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BHP shares. Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup initiated coverage on BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $50.00.

BHP Group Price Performance

NYSE:BHP opened at $52.25 on Thursday. The stock has a fifty day moving average price of $55.46 and a 200 day moving average price of $57.05. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12-month low of $51.73 and a 12-month high of $69.11.

BHP Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $1.465 per share. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.