BHP Group Limited Sponsored ADR $BHP Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its holdings in BHP Group by 20.4% during the second quarter, now owning 189,927 shares valued at approximately $9.13 million.
• Multiple large investors, including Goldman Sachs and Citigroup, have significantly increased their stakes in BHP, indicating strong institutional confidence.
• BHP Group recently raised its semi-annual dividend to $1.185 per share, reflecting a healthy dividend yield of 441.0% and a payout ratio of 53.86%.

QRG Capital Management Inc. increased its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 20.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,927 shares of the mining company's stock after purchasing an additional 32,141 shares during the period. QRG Capital Management Inc.'s holdings in BHP Group were worth $9,134,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BHP. Goldman Sachs Group Inc. boosted its stake in BHP Group by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company's stock worth $240,334,000 after purchasing an additional 1,490,012 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in BHP Group during the 2nd quarter worth $68,953,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in BHP Group by 3,599.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company's stock worth $12,666,000 after purchasing an additional 253,881 shares during the period. Citigroup Inc. boosted its stake in BHP Group by 94.9% during the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company's stock worth $20,495,000 after purchasing an additional 205,591 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in BHP Group during the 1st quarter worth $8,734,000. Institutional investors and hedge funds own 3.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Macquarie downgraded shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. BMO Capital Markets downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Berenberg Bank restated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. Citigroup restated a "neutral" rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $48.50.

BHP Group Stock Performance

Shares of BHP opened at $55.43 on Friday. The company has a 50-day simple moving average of $53.97 and a 200-day simple moving average of $50.57. 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 company has a market capitalization of $140.68 billion, a PE ratio of 12.60, a P/E/G ratio of 3.92 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $61.03.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $1.185 dividend. This represents a yield of 441.0%. The ex-dividend date of this dividend was 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 is currently 53.86%.

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.

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