SevenBridge Financial Group LLC Has $1.06 Million Holdings in BHP Group Limited (NYSE:BHP)

SevenBridge Financial Group LLC grew its stake in BHP Group Limited (NYSE:BHP) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,132 shares of the mining company’s stock after acquiring an additional 1,436 shares during the period. SevenBridge Financial Group LLC’s holdings in BHP Group were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Eastern Bank bought a new position in BHP Group in the 3rd quarter worth approximately $26,000. Asset Dedication LLC lifted its stake in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in BHP Group in the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BHP Group in the second quarter worth about $27,000. Finally, Sound Income Strategies LLC raised its holdings in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BHP. Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 18th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $52.36 on Friday. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company’s fifty day moving average is $56.46 and its 200-day moving average is $56.38.

BHP Group Increases Dividend

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

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.