Fusion Capital LLC Has $5.91 Million Holdings in BHP Group Limited Sponsored ADR $BHP

Fusion Capital LLC raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,895 shares of the mining company’s stock after purchasing an additional 3,849 shares during the period. BHP Group makes up approximately 2.0% of Fusion Capital LLC’s holdings, making the stock its 21st biggest position. Fusion Capital LLC’s holdings in BHP Group were worth $5,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of BHP Group by 43.0% in 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 buying an additional 1,490,012 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in BHP Group during the second quarter valued at about $68,953,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BHP Group by 3,599.1% in the 1st 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. Townsend & Associates Inc lifted its position in shares of BHP Group by 66.6% in the 2nd quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after acquiring an additional 240,075 shares during the period. Finally, Citigroup Inc. lifted its position in shares of BHP Group by 94.9% in the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock worth $20,495,000 after acquiring an additional 205,591 shares during the period. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Berenberg Bank restated a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. One equities 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, BHP Group presently has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Stock Down 1.3%

Shares of BHP Group stock opened at $55.24 on Friday. The firm’s 50-day moving average price is $55.26 and its two-hundred day moving average price is $52.50. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $58.92.

BHP Group (NYSE:BHP) last posted its earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.09). The firm had revenue of $26.23 billion for the quarter, compared to the consensus estimate of $26.04 billion. On average, sell-side analysts expect that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current year.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $1.185 dividend. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th.

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.