66,096 Shares of BHP Group Limited Sponsored ADR $BHP Acquired by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC acquired 66,096 BHP shares during the third quarter, valued at approximately $5.6 million. Other institutions, including Royal Bank of Canada and Rockefeller Capital Management, also increased their holdings.
• BHP shares opened at $83.15, compared with a 50-day moving average of $88.68 and a 200-day average of $84.99; the stock’s 12-month range is $52.18 to $98.71.
• Analyst sentiment remains mixed, with MarketBeat reporting an average rating of “Hold” and an average price target of $78.00. BHP also recently paid a dividend of $1.98 per share.

SteelPeak Wealth LLC bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 66,096 shares of the mining company's stock, valued at approximately $5,608,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Main Street Research LLC bought a new position in shares of BHP Group during the 1st quarter valued at approximately $37,767,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $18,591,000. Royal Bank of Canada raised its holdings in shares of BHP Group by 17.9% in the 1st quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company's stock worth $90,153,000 after purchasing an additional 188,446 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of BHP Group by 36.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 417,845 shares of the mining company's stock worth $25,225,000 after purchasing an additional 111,967 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in BHP Group by 21.5% in the first quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company's stock valued at $35,905,000 after purchasing an additional 87,378 shares during the last quarter. Institutional investors own 3.79% of the company's stock.

BHP Group Trading Up 0.3%

BHP opened at $83.15 on Friday. The firm has a 50-day moving average price of $88.68 and a 200-day moving average price of $84.99. BHP Group Limited Sponsored ADR has a twelve month low of $52.18 and a twelve month high of $98.71. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

BHP Group Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th were issued a dividend of $1.98 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a yield of 438.0%.

Analysts Set New Price Targets

Several brokerages have weighed in on BHP. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BHP Group in a research report on Thursday, July 2nd. Weiss Ratings upgraded BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Zacks Research cut BHP Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Finally, Bank of America cut their price target on BHP Group from $93.00 to $91.00 and set a "neutral" rating for the company in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $78.00.

BHP Group Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP's principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.

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