Sigma Planning Corp Makes New Investment in BHP Group Limited (NYSE:BHP)

Sigma Planning Corp bought a new stake in BHP Group Limited (NYSE:BHP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,767 shares of the mining company’s stock, valued at approximately $235,000.

Several other large investors have also made changes to their positions in BHP. Asset Dedication LLC grew its stake in BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares during the last quarter. Eastern Bank bought a new stake in BHP Group during the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BHP Group during the 2nd quarter valued at $27,000. Ashton Thomas Private Wealth LLC bought a new position in BHP Group in the 2nd quarter valued at $27,000. Finally, Sound Income Strategies LLC boosted its stake in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the subject of a number of research reports. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Stock Performance

NYSE BHP opened at $51.84 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average is $56.47 and its 200-day moving average is $56.50. BHP Group Limited has a one year low of $50.90 and a one 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 paid a $1.465 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 5.2%. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44.

BHP Group 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.