Frank Rimerman Advisors LLC Acquires 2,194 Shares of BHP Group Limited (NYSE:BHP)

Frank Rimerman Advisors LLC grew its holdings in BHP Group Limited (NYSE:BHP) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,614 shares of the mining company’s stock after purchasing an additional 2,194 shares during the period. Frank Rimerman Advisors LLC’s holdings in BHP Group were worth $1,593,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BHP. Wellington Management Group LLP increased its holdings in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after acquiring an additional 633,290 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BHP Group in the fourth quarter worth approximately $25,878,000. SPX Gestao de Recursos Ltda purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $9,323,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in BHP Group during the fourth quarter valued at approximately $8,795,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 1.6 %

Shares of BHP stock opened at $49.44 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company has a market cap of $125.36 billion, a price-to-earnings ratio of 11.24 and a beta of 0.90. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The firm has a fifty day moving average price of $49.89 and a 200-day moving average price of $52.70.

BHP Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be issued a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s dividend payout ratio is presently 44.77%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BHP. Jefferies Financial Group decreased their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Finally, StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $53.00.

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.