Schechter Investment Advisors LLC Increases Holdings in BHP Group Limited (NYSE:BHP)

Schechter Investment Advisors LLC boosted its holdings in shares of BHP Group Limited (NYSE:BHP) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,963 shares of the mining company’s stock after purchasing an additional 880 shares during the period. Schechter Investment Advisors LLC’s holdings in BHP Group were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BHP. Fairfield Bush & CO. raised its position in shares of BHP Group by 1.1% in the first quarter. Fairfield Bush & CO. now owns 19,463 shares of the mining company’s stock worth $1,504,000 after acquiring an additional 211 shares during the period. Bank of New York Mellon Corp boosted its position in BHP Group by 70.0% during the first quarter. Bank of New York Mellon Corp now owns 79,400 shares of the mining company’s stock worth $6,134,000 after purchasing an additional 32,699 shares in the last quarter. Private Advisor Group LLC boosted its position in BHP Group by 62.9% during the first quarter. Private Advisor Group LLC now owns 8,865 shares of the mining company’s stock worth $685,000 after purchasing an additional 3,424 shares in the last quarter. BlackRock Inc. boosted its position in BHP Group by 18.5% during the first quarter. BlackRock Inc. now owns 1,821,564 shares of the mining company’s stock worth $140,716,000 after purchasing an additional 283,915 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its position in BHP Group by 71.7% during the first quarter. Yousif Capital Management LLC now owns 39,175 shares of the mining company’s stock worth $3,026,000 after purchasing an additional 16,359 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 1.7 %

BHP stock opened at $57.52 on Thursday. The business has a fifty day moving average of $58.92 and a two-hundred day moving average of $59.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11.

BHP Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 8th will be paid a dividend of $1.44 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a yield of 5.2%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BHP shares. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. StockNews.com cut BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup raised BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $50.00.

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