Marshall Financial Group LLC Invests $798,000 in BHP Group Limited Sponsored ADR $BHP

Marshall Financial Group LLC purchased a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,220 shares of the mining company’s stock, valued at approximately $798,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Caldwell Trust Co acquired a new stake in BHP Group in the second quarter worth $31,000. Salomon & Ludwin LLC boosted its holdings in shares of BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after acquiring an additional 669 shares during the period. JFS Wealth Advisors LLC grew its position in shares of BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after acquiring an additional 284 shares during the last quarter. Ameriflex Group Inc. increased its holdings in shares of BHP Group by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after acquiring an additional 359 shares during the period. Finally, True Wealth Design LLC increased its holdings in shares of BHP Group by 229.7% in the 3rd quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after acquiring an additional 526 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

BHP Group stock opened at $68.20 on Tuesday. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $83.21. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The firm has a 50 day simple moving average of $71.79 and a 200-day simple moving average of $62.08.

BHP Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 6th will be given a dividend of $1.46 per share. The ex-dividend date is Friday, March 6th. This represents a dividend yield of 399.0%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Wednesday, February 18th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, December 30th. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Sanford C. Bernstein lowered their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.33.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.