Geneva Partners LLC Sells 39,077 Shares of BHP Group Limited Sponsored ADR $BHP

Key Points

• Geneva Partners LLC reduced its BHP position by 47.5% in the third quarter, selling 39,077 shares and retaining 43,203 shares valued at approximately $3.665 million.
• BHP shares opened at $79.07, within a 52-week range of $52.18 to $98.71. The stock’s consensus analyst rating is “Hold,” with a target price of $78.00.
• BHP recently paid a $1.98 per-share dividend; institutional investors collectively own 3.79% of the company.

Geneva Partners LLC cut its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 47.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,203 shares of the mining company's stock after selling 39,077 shares during the quarter. Geneva Partners LLC's holdings in BHP Group were worth $3,665,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its position in BHP Group by 8,320.0% during the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock valued at $31,000 after acquiring an additional 416 shares during the last quarter. NFSG Corp boosted its stake in BHP Group by 182.9% in the third quarter. NFSG Corp now owns 396 shares of the mining company's stock valued at $34,000 after acquiring an additional 256 shares in the last quarter. West Financial Advisors LLC acquired a new stake in BHP Group in the third quarter valued at approximately $44,000. Ascentis Independent Advisors purchased a new position in BHP Group in the first quarter worth $45,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in BHP Group in the first quarter worth $54,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

Shares of BHP stock opened at $79.07 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48. BHP Group Limited Sponsored ADR has a fifty-two week low of $52.18 and a fifty-two week high of $98.71. The stock's 50-day simple moving average is $87.73 and its 200-day simple moving average is $80.90.

BHP Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Zacks Research cut BHP Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Tuesday, October 13th. Weiss Ratings upgraded shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Wall Street Zen downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BHP Group in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $78.00.

BHP Group Company 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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