Farther Finance Advisors LLC Grows Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• Farther Finance Advisors LLC significantly increased its stake in BHP Group Limited by 408.5%, acquiring an additional 7,590 shares for a total of 9,448 shares worth $454,000.
• Several institutional investors, including Goldman Sachs and Citigroup, have also made substantial changes to their holdings in BHP, indicating increased interest in the company's stock.
• BHP recently raised its semi-annual dividend to $1.185 per share, reflecting a dividend yield of 441.0%, a significant increase from the previous dividend of $1.00.

Farther Finance Advisors LLC grew its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 408.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,448 shares of the mining company's stock after acquiring an additional 7,590 shares during the period. Farther Finance Advisors LLC's holdings in BHP Group were worth $454,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BHP. Goldman Sachs Group Inc. raised its stake in shares of BHP Group by 43.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company's stock valued at $240,334,000 after acquiring an additional 1,490,012 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of BHP Group in the 2nd quarter valued at approximately $68,953,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BHP Group by 3,599.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company's stock valued at $12,666,000 after acquiring an additional 253,881 shares during the period. Citigroup Inc. raised its stake in shares of BHP Group by 94.9% in the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company's stock valued at $20,495,000 after acquiring an additional 205,591 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in shares of BHP Group in the first quarter valued at approximately $8,734,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research report on Wednesday, August 20th. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Berenberg Bank reiterated a "sell" rating and set a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. Finally, Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.50.

BHP Group Stock Performance

Shares of NYSE BHP opened at $54.78 on Friday. The company has a market cap of $139.03 billion, a PE ratio of 12.45 and a beta of 0.81. 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 debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The company has a 50-day simple moving average of $53.81 and a 200-day simple moving average of $50.37.

BHP Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a dividend of $1.185 per share. This represents a dividend yield of 441.0%. This is a boost from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date was Friday, September 5th. BHP Group's payout ratio is presently 53.86%.

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.

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