BHP Group Limited (NYSE:BHP) Shares Purchased by Archer Investment Corp

Archer Investment Corp boosted its holdings in BHP Group Limited (NYSE:BHP) by 888.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 890 shares of the mining company’s stock after purchasing an additional 800 shares during the quarter. Archer Investment Corp’s holdings in BHP Group were worth $51,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of BHP Group in the 2nd quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new position in BHP Group in the fourth quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in BHP Group during the first quarter worth approximately $29,000. WFA Asset Management Corp purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $31,000. Finally, Viking Fund Management LLC purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $33,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP stock opened at $52.25 on Thursday. The company has a fifty day moving average price of $55.46 and a 200 day moving average price of $57.05. The company has a current ratio of 1.70, a quick ratio of 1.22 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $51.73 and a 12 month high of $69.11.

BHP Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BHP. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Citigroup assumed coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Finally, Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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