BHP Group Limited Sponsored ADR $BHP Shares Purchased by Brooklyn Investment Group

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 increased its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 242.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 6,724 shares of the mining company's stock after acquiring 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 quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC bought a new stake in shares of BHP Group during the 1st quarter worth approximately $280,000. Allspring Global Investments Holdings LLC lifted its stake in shares of BHP Group by 5.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock worth $654,000 after acquiring an additional 764 shares during the last quarter. Deutsche Bank AG increased its holdings in BHP Group by 160.0% during the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after purchasing an additional 1,200 shares during the period. GAMMA Investing LLC increased its holdings in BHP Group by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock worth $141,000 after purchasing an additional 1,301 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in BHP Group by 9.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock worth $1,317,000 after purchasing an additional 2,333 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 2.6%

Shares of NYSE:BHP traded up $1.4250 on Friday, reaching $55.9250. The company had a trading volume of 3,994,711 shares, compared to its average volume of 2,920,826. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The firm's 50 day simple moving average is $51.23 and its 200-day simple moving average is $49.67. The firm has a market capitalization of $141.81 billion, a PE ratio of 12.71 and a beta of 0.80. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be issued a $1.185 dividend. The ex-dividend date 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 (DPR) is 44.77%.

Wall Street Analyst Weigh In

Several research analysts have commented on BHP shares. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Berenberg Bank restated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Citigroup restated a "neutral" rating on shares of BHP Group in a report on Wednesday. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BHP Group currently has a consensus rating of "Hold" and an average 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.