Brooklyn Investment Group Purchases 4,758 Shares of BHP Group Limited Sponsored ADR $BHP

Key Points

• Brooklyn Investment Group increased its stake in BHP Group Limited Sponsored ADR by 242.0% during Q1, holding 6,724 shares worth $326,000 as of the most recent quarter.
• Several hedge funds, including Invesco Ltd. and NBT Bank N A NY, have also expanded their positions in BHP Group, reflecting continued institutional interest in the mining company.
• Analysts have downgraded BHP Group's ratings, with firms like Macquarie and Berenberg Bank adjusting their outlook, leading to a current average price target of $48.50.

Brooklyn Investment Group lifted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 242.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,724 shares of the mining company's stock after purchasing an additional 4,758 shares during the period. Brooklyn Investment Group's holdings in BHP Group were worth $326,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in BHP Group by 31.1% in the 4th quarter. Russell Investments Group Ltd. now owns 11,552 shares of the mining company's stock worth $564,000 after buying an additional 2,739 shares in the last quarter. Invesco Ltd. increased 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 buying an additional 198 shares in the last quarter. Townsquare Capital LLC increased its stake in BHP Group by 60.9% in the 4th quarter. Townsquare Capital LLC now owns 5,876 shares of the mining company's stock worth $287,000 after buying an additional 2,223 shares in the last quarter. First Trust Advisors LP purchased a new stake in BHP Group in the 4th quarter worth $1,440,000. Finally, Hsbc Holdings PLC increased its stake in BHP Group by 487.6% in the 4th quarter. Hsbc Holdings PLC now owns 30,485 shares of the mining company's stock worth $1,491,000 after buying an additional 25,297 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Trading Down 0.3%

BHP traded down $0.18 on Monday, hitting $55.77. The company had a trading volume of 2,506,797 shares, compared to its average volume of 2,961,235. The company has a market cap of $141.42 billion, a PE ratio of 12.68 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. 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 business's fifty day simple moving average is $51.37 and its 200 day simple moving average is $49.70.

BHP Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BHP. 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. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Citigroup restated a "neutral" rating on shares of BHP Group in a research report on Wednesday, August 20th. BMO Capital Markets lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Finally, Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BHP Group presently has an average rating of "Hold" and a consensus price target of $48.50.

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.