SG Americas Securities LLC Purchases 2,047 Shares of BHP Group Limited (NYSE:BHP)

SG Americas Securities LLC increased its position in BHP Group Limited (NYSE:BHP) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,581 shares of the mining company’s stock after buying an additional 2,047 shares during the quarter. SG Americas Securities LLC’s holdings in BHP Group were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. boosted its stake in shares of BHP Group by 110.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company’s stock valued at $26,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd bought a new stake in BHP Group in the first quarter worth $26,000. Russell Investments Group Ltd. purchased a new stake in BHP Group during the first quarter valued at about $27,000. Coppell Advisory Solutions LLC bought a new position in shares of BHP Group during the second quarter valued at about $33,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in shares of BHP Group in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock opened at $57.52 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The business’s 50 day moving average price is $58.92 and its 200-day moving average price is $59.95.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 8th will be issued a $1.44 dividend. This represents a yield of 5.2%. The ex-dividend date is Thursday, March 7th.

Wall Street Analysts Forecast Growth

BHP has been the subject of several analyst reports. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of $50.00.

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