Aptus Capital Advisors LLC Increases Stock Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Aptus Capital Advisors LLC increased its position in BHP Group by 40.9%, now holding 19,520 shares valued at approximately $947,000.
• BHP Group recently announced an increase in its semi-annual dividend from $1.00 to $1.185, with a dividend yield of 410.0%.
• Shares of BHP Group have seen a 1.6% increase, with the stock trading at $54.44 and a market cap of $138.03 billion.

Aptus Capital Advisors LLC grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 40.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,520 shares of the mining company's stock after purchasing an additional 5,662 shares during the quarter. Aptus Capital Advisors LLC's holdings in BHP Group were worth $947,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Northern Trust Corp grew its holdings in BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after buying an additional 846,963 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after acquiring an additional 672,016 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of BHP Group by 6.1% during the first quarter. American Century Companies Inc. now owns 681,659 shares of the mining company's stock valued at $33,088,000 after acquiring an additional 38,903 shares during the last quarter. Citigroup Inc. boosted 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 during the last quarter. Finally, Willis Investment Counsel increased its position in BHP Group by 1.9% during the 1st quarter. Willis Investment Counsel now owns 411,130 shares of the mining company's stock worth $19,956,000 after purchasing an additional 7,816 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Up 1.6%

Shares of BHP opened at $54.4350 on Friday. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company's fifty day moving average is $51.08 and its two-hundred day moving average is $49.63. The firm has a market cap of $138.03 billion, a PE ratio of 12.37 and a beta of 0.80. The company has a quick ratio of 1.25, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be issued a $1.185 dividend. This is a positive change from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date is Friday, September 5th. This represents a dividend yield of 410.0%. BHP Group's dividend payout ratio (DPR) is 53.86%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. BMO Capital Markets downgraded 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 research note on Wednesday. Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BHP Group currently has an average rating of "Hold" and an average target price of $48.50.

BHP Group 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.

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