BHP Group Limited Sponsored ADR $BHP Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in BHP Group by 3.0%, owning approximately 3,991,694 shares valued at around $193,767,000 after the sale.
• Other investors have also adjusted their positions, with NBT Bank N A NY increasing its holdings by 10.1% and several firms overall contributing to a combined 3.79% ownership by hedge funds and institutional investors.
• Analysts have shown mixed sentiments on the stock, with one rating it a sell and others issuing hold or neutral ratings, leading to an average target price of $48.50.

Dimensional Fund Advisors LP lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,991,694 shares of the mining company's stock after selling 122,988 shares during the quarter. Dimensional Fund Advisors LP owned about 0.16% of BHP Group worth $193,767,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BHP. Russell Investments Group Ltd. grew its holdings in BHP Group by 31.1% during the 4th quarter. Russell Investments Group Ltd. now owns 11,552 shares of the mining company's stock valued at $564,000 after buying an additional 2,739 shares during the last quarter. Invesco Ltd. grew its holdings in BHP Group by 1.8% during the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after buying an additional 198 shares during the last quarter. Townsquare Capital LLC grew its holdings in BHP Group by 60.9% during the 4th quarter. Townsquare Capital LLC now owns 5,876 shares of the mining company's stock valued at $287,000 after buying an additional 2,223 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of BHP Group during the 4th quarter worth $1,440,000. Finally, Hsbc Holdings PLC lifted its stake in shares of BHP Group by 487.6% during the 4th quarter. Hsbc Holdings PLC now owns 30,485 shares of the mining company's stock worth $1,491,000 after purchasing an additional 25,297 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research report on Wednesday. Berenberg Bank reaffirmed a "sell" rating and issued a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. Macquarie lowered BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, BMO Capital Markets lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $48.50.

BHP Group Stock Up 2.6%

NYSE BHP traded up $1.4250 during trading hours on Friday, hitting $55.9250. The company had a trading volume of 3,994,711 shares, compared to its average volume of 2,961,235. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a market capitalization of $141.81 billion, a price-to-earnings ratio of 12.71 and a beta of 0.80. 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's 50 day moving average is $51.23 and its 200 day moving average is $49.66.

BHP Group Increases Dividend

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