BHP Group Limited Sponsored ADR $BHP Shares Acquired by Amundi

Key Points

• Amundi increased its stake in BHP Group Limited by 8.7%, owning 92,258 shares worth approximately $4.29 million as of the latest SEC filing.
• BHP Group recently declared a semi-annual dividend of $1.185 per share, marking an increase from the previous dividend of $1.00, with a yield of 441.0%.
• Analyst ratings for BHP Group reflect a mixed outlook, with one Strong Buy, six Hold, and one Sell rating, resulting in a consensus target price of $48.50.

Amundi boosted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,258 shares of the mining company's stock after acquiring an additional 7,420 shares during the period. Amundi's holdings in BHP Group were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of BHP Group by 1.2% in the 1st quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company's stock valued at $270,808,000 after buying an additional 63,641 shares in the last quarter. Royal Bank of Canada boosted its holdings 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 buying an additional 30,980 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of BHP Group by 6.1% in 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 in the last quarter. Citigroup Inc. boosted its holdings 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 valued at $20,495,000 after buying an additional 205,591 shares in the last quarter. Finally, Willis Investment Counsel boosted its holdings in shares of BHP Group by 1.9% in the 1st quarter. Willis Investment Counsel now owns 411,130 shares of the mining company's stock valued at $19,956,000 after buying an additional 7,816 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Performance

NYSE BHP traded down $0.13 on Friday, hitting $54.08. 2,762,296 shares of the company's stock traded hands, compared to its average volume of 2,725,032. 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 1-year low of $39.73 and a 1-year high of $63.21. The firm's 50-day moving average price is $53.26 and its two-hundred day moving average price is $50.08. The firm has a market capitalization of $137.26 billion, a PE ratio of 12.29 and a beta of 0.81.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.185 per share. This represents a yield of 441.0%. The ex-dividend date is Friday, September 5th. This is a positive change from BHP Group's previous semi-annual dividend of $1.00. BHP Group's dividend payout ratio (DPR) is presently 53.86%.

Analyst Ratings Changes

A number of analysts have recently weighed in on BHP shares. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Berenberg Bank reiterated a "sell" rating and issued a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Finally, BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $48.50.

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.