Courier Capital LLC Invests $211,000 in BHP Group Limited (NYSE:BHP)

Courier Capital LLC bought a new position in BHP Group Limited (NYSE:BHP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,400 shares of the mining company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Addenda Capital Inc. grew its position in shares of BHP Group by 27.1% during the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after buying an additional 23,968 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of BHP Group during the 1st quarter valued at about $1,953,000. Quantbot Technologies LP grew its position in shares of BHP Group by 104.7% during the 1st quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock valued at $1,894,000 after buying an additional 16,788 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of BHP Group during the 1st quarter valued at about $759,000. Finally, Principal Financial Group Inc. bought a new stake in shares of BHP Group during the 1st quarter valued at about $3,765,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

NYSE BHP opened at $56.17 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 company has a fifty day simple moving average of $56.06 and a 200 day simple moving average of $56.88. The company has a market cap of $142.26 billion, a P/E ratio of 11.90, a P/E/G ratio of 3.95 and a beta of 0.96. BHP Group Limited has a 1 year low of $50.90 and a 1 year high of $69.11.

BHP Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th were issued a $1.465 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a yield of 5.2%. BHP Group’s dividend payout ratio is 62.08%.

Wall Street Analyst Weigh In

BHP has been the subject of several recent analyst reports. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. 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 MarketBeat.com, the company currently has a consensus 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.