BHP Group Limited Sponsored ADR $BHP Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,340 shares of the mining company’s stock after buying an additional 632 shares during the period. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BHP. Wellington Management Group LLP lifted its stake in shares of BHP Group by 1.2% in the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock worth $270,808,000 after acquiring an additional 63,641 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in BHP Group by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after purchasing an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of BHP Group in the 2nd quarter valued at approximately $68,953,000. Royal Bank of Canada raised its position in shares of BHP Group by 2.8% in the 1st quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock valued at $55,781,000 after purchasing an additional 30,980 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of BHP Group by 6.1% during the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company’s stock valued at $33,088,000 after buying an additional 38,903 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Berenberg Bank reaffirmed a “sell” rating and set a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. Argus downgraded BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus target price of $48.50.

BHP Group Price Performance

Shares of BHP opened at $55.96 on Tuesday. The firm has a market capitalization of $142.03 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The stock’s fifty day moving average is $54.04 and its 200-day moving average is $50.62. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $61.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

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 $1.185 dividend. 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 was Friday, September 5th. BHP Group’s payout ratio is 53.86%.

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.