1832 Asset Management L.P. Has $522,000 Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• 1832 Asset Management L.P. reduced its holdings in BHP Group Limited by 34.0%, now owning 10,754 shares valued at $522,000 after selling 5,550 shares in the first quarter.
• Multiple firms, including Compound Planning Inc. and Quantbot Technologies LP, significantly increased their BHP holdings, with Quantbot's holdings rising by 566.8%.
• BHP Group declared a semi-annual dividend of $1.185 per share, up from $1.00, scheduled for payment on September 25th, representing a yield of 410.0%.

1832 Asset Management L.P. trimmed its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 34.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,754 shares of the mining company's stock after selling 5,550 shares during the quarter. 1832 Asset Management L.P.'s holdings in BHP Group were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WFA Asset Management Corp bought a new position in BHP Group in the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in BHP Group in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new position in BHP Group in the 1st quarter worth approximately $27,000. Compagnie Lombard Odier SCmA bought a new position in BHP Group during the 1st quarter valued at $32,000. Finally, Vermillion Wealth Management Inc. bought a new position in BHP Group during the 4th quarter valued at $74,000. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research note on Wednesday, August 20th. Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Macquarie lowered BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. One research 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 stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $48.50.

BHP Group Price Performance

Shares of BHP traded down $0.26 during trading hours on Monday, hitting $55.86. 2,367,753 shares of the company were exchanged, compared to its average volume of 2,674,123. The company has a market capitalization of $141.64 billion, a PE ratio of 12.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The firm has a fifty day simple moving average of $52.05 and a 200-day simple moving average of $49.84. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21.

BHP Group Increases Dividend

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

About BHP Group

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.