BHP Group Limited Sponsored ADR $BHP Stock: Bank Julius Baer & Co. Ltd Zurich Decreases Position

Key Points

• Bank Julius Baer cut its BHP position by 20.2% in the third quarter, selling 93,861 shares and retaining 371,895 shares valued at approximately $31.5 million.
• BHP shares opened at $79.98, below their 50-day moving average of $86.48, with a 12-month trading range of $52.18 to $98.71.
• Analyst sentiment is cautious: BHP has a consensus “Hold” rating and an average price target of $78, while institutional investors collectively own 3.79% of the stock.

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 20.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371,895 shares of the mining company's stock after selling 93,861 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in BHP Group were worth $31,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its stake in BHP Group by 17.9% during the first quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company's stock worth $90,153,000 after acquiring an additional 188,446 shares during the last quarter. Main Street Research LLC bought a new stake in shares of BHP Group in the 1st quarter valued at approximately $37,767,000. Quantinno Capital Management LP boosted its holdings in shares of BHP Group by 21.5% in the 1st quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company's stock worth $35,905,000 after purchasing an additional 87,378 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of BHP Group by 1.1% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 261,230 shares of the mining company's stock worth $22,163,000 after purchasing an additional 2,811 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of BHP Group by 28.8% in the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company's stock worth $17,035,000 after purchasing an additional 45,759 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of NYSE BHP opened at $79.98 on Tuesday. 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 stock's fifty day simple moving average is $86.48 and its two-hundred day simple moving average is $81.42. BHP Group Limited Sponsored ADR has a 12-month low of $52.18 and a 12-month high of $98.71.

BHP Group Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th were issued a $1.98 dividend. This represents a yield of 438.0%. The ex-dividend date of this dividend was Friday, September 4th.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BHP shares. Weiss Ratings raised shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Citigroup reiterated a "neutral" rating on shares of BHP Group in a report on Tuesday, October 13th. Wall Street Zen lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Zacks Research lowered shares of BHP Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of "Hold" and an average price target of $78.00.

BHP Group 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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