Associated Banc Corp Makes New $2.97 Million Investment in BHP Group Limited Sponsored ADR $BHP

Key Points

• Associated Banc Corp acquired a new 34,981-share stake in BHP during the third quarter, valued at approximately $2.97 million.
• Other institutional investors also adjusted or added to their BHP holdings; hedge funds and other institutional investors collectively own 3.79% of the stock.
• Analyst sentiment is mixed but leans to Hold: MarketBeat reports a consensus rating of Hold and a $78 price target.

Associated Banc Corp acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 34,981 shares of the mining company's stock, valued at approximately $2,968,000.

Several other large investors have also recently made changes to their positions in BHP. BOCHK Asset Management Ltd raised its stake in BHP Group by 27.3% in the third quarter. BOCHK Asset Management Ltd now owns 700 shares of the mining company's stock valued at $59,000 after buying an additional 150 shares in the last quarter. XML Financial LLC boosted its stake in BHP Group by 1.8% during the 3rd quarter. XML Financial LLC now owns 8,590 shares of the mining company's stock worth $729,000 after purchasing an additional 150 shares during the period. Boit C F David purchased a new position in shares of BHP Group in the 3rd quarter valued at approximately $170,000. Greenleaf Trust lifted its holdings in BHP Group by 0.7% in the 3rd quarter. Greenleaf Trust now owns 21,090 shares of the mining company's stock valued at $1,789,000 after purchasing an additional 150 shares in the last quarter. Finally, Profund Advisors LLC grew its position in shares of BHP Group by 3.2% in the third quarter. Profund Advisors LLC now owns 19,017 shares of the mining company's stock valued at $1,613,000 after purchasing an additional 582 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Up 2.6%

NYSE BHP opened at $80.16 on Thursday. BHP Group Limited Sponsored ADR has a 1-year low of $52.18 and a 1-year high of $98.71. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The firm's fifty day simple moving average is $85.73 and its 200-day simple moving average is $81.55.

BHP Group Announces Dividend

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

Analyst Upgrades and Downgrades

BHP has been the subject of a number of research analyst reports. Citigroup reissued a "neutral" rating on shares of BHP Group in a research report on Tuesday, October 13th. Zacks Research downgraded BHP Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Weiss Ratings raised BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Finally, Wall Street Zen cut shares of BHP Group from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $78.00.

BHP Group Company 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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