Russell Investments Group Ltd. Grows Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• Russell Investments Group Ltd. increased its holdings in BHP Group Limited by 80.4% in the first quarter, now owning 20,845 shares valued at approximately $1 million.
• BHP Group recently announced a semi-annual dividend of $1.185 per share, increasing from the previous $1.00 and reflecting a significant dividend yield of 410.0%.
• Several analysts have downgraded their ratings on BHP Group, leading to an average rating of "Hold" with a target price of $48.50.

Russell Investments Group Ltd. lifted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 80.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,845 shares of the mining company's stock after acquiring an additional 9,293 shares during the period. Russell Investments Group Ltd.'s holdings in BHP Group were worth $1,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after purchasing an additional 198 shares in the last quarter. NBT Bank N A NY raised its position in BHP Group by 10.1% in the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock worth $114,000 after purchasing an additional 216 shares during the period. Wedmont Private Capital raised its position in BHP Group by 4.2% in the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after purchasing an additional 276 shares during the period. Gleason Group Inc. raised its position in BHP Group by 2.0% in the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after purchasing an additional 280 shares during the period. Finally, Essex Savings Bank grew its holdings in BHP Group by 3.8% in the 1st quarter. Essex Savings Bank now owns 7,764 shares of the mining company's stock worth $377,000 after acquiring an additional 281 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Down 0.3%

BHP Group stock traded down $0.14 during trading hours on Tuesday, hitting $55.63. The stock had a trading volume of 1,956,075 shares, compared to its average volume of 2,969,716. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $141.06 billion, a P/E ratio of 12.64 and a beta of 0.81. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. The stock's 50-day moving average price is $52.24 and its 200-day moving average price is $49.87.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a $1.185 dividend. This represents a yield of 410.0%. This is a boost from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date of this dividend is Friday, September 5th. BHP Group's dividend payout ratio is presently 44.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BHP shares. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. 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 a consensus rating of "Hold" and a consensus price target 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.