BHP Group Limited (NYSE:BHP) Stock Holdings Increased by SouthState Corp

SouthState Corp boosted its stake in shares of BHP Group Limited (NYSE:BHP) by 4.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,915 shares of the mining company’s stock after purchasing an additional 2,560 shares during the period. SouthState Corp’s holdings in BHP Group were worth $3,783,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Caprock Group LLC grew its holdings in shares of BHP Group by 1.3% during the 3rd quarter. Caprock Group LLC now owns 30,330 shares of the mining company’s stock valued at $1,930,000 after acquiring an additional 396 shares in the last quarter. Baron Wealth Management LLC purchased a new position in BHP Group in the third quarter valued at about $206,000. AMG National Trust Bank acquired a new position in BHP Group in the 3rd quarter worth about $215,000. Adero Partners LLC purchased a new stake in shares of BHP Group during the 3rd quarter worth about $243,000. Finally, Northcape Wealth Management LLC lifted its holdings in shares of BHP Group by 6.7% during the 3rd quarter. Northcape Wealth Management LLC now owns 42,030 shares of the mining company’s stock valued at $2,610,000 after buying an additional 2,629 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Monday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Trading Up 1.2 %

Shares of BHP opened at $52.47 on Tuesday. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50-day moving average price of $56.49 and a two-hundred day moving average price of $56.50.

BHP Group Increases Dividend

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

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