Sowell Financial Services LLC Buys 619 Shares of BHP Group Limited Sponsored ADR $BHP

Sowell Financial Services LLC grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 10.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,397 shares of the mining company’s stock after acquiring an additional 619 shares during the period. Sowell Financial Services LLC’s holdings in BHP Group were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BHP. Goldman Sachs Group Inc. raised its stake in shares of BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after acquiring an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of BHP Group during the second quarter valued at approximately $68,953,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BHP Group by 3,599.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock valued at $12,666,000 after acquiring an additional 253,881 shares in the last quarter. Citigroup Inc. raised its stake in shares of BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after acquiring an additional 205,591 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in BHP Group during the first quarter valued at approximately $8,734,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BHP. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Finally, Berenberg Bank reissued a “sell” rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.50.

BHP Group Price Performance

NYSE BHP opened at $55.71 on Friday. The firm’s fifty day simple moving average is $53.75 and its two-hundred day simple moving average is $50.32. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. The firm has a market capitalization of $141.38 billion, a P/E ratio of 12.66 and a beta of 0.81.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a dividend of $1.185 per share. This represents a dividend yield of 441.0%. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s dividend payout ratio is presently 53.86%.

BHP Group Company 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.