HighTower Advisors LLC Purchases 60,170 Shares of BHP Group Limited Sponsored ADR $BHP

Key Points

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HighTower Advisors LLC raised its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 74.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 140,630 shares of the mining company's stock after acquiring an additional 60,170 shares during the period. HighTower Advisors LLC's holdings in BHP Group were worth $6,826,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of BHP Group during the 1st quarter worth approximately $1,105,000. SouthState Corp increased its position in shares of BHP Group by 22.4% during the 1st quarter. SouthState Corp now owns 24,529 shares of the mining company's stock worth $1,191,000 after purchasing an additional 4,492 shares during the last quarter. Aigen Investment Management LP increased its position in shares of BHP Group by 253.8% during the 1st quarter. Aigen Investment Management LP now owns 42,861 shares of the mining company's stock worth $2,080,000 after purchasing an additional 30,745 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of BHP Group by 3,599.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company's stock worth $12,666,000 after purchasing an additional 253,881 shares during the last quarter. Finally, Bristlecone Advisors LLC increased its position in shares of BHP Group by 4.4% during the 1st quarter. Bristlecone Advisors LLC now owns 13,419 shares of the mining company's stock worth $651,000 after purchasing an additional 563 shares during the last quarter. Institutional investors own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BHP shares. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research report on Wednesday. BMO Capital Markets lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 price target 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 report on Monday, May 19th. Finally, Argus lowered BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. One investment 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.50.

BHP Group Stock Performance

Shares of BHP stock traded up $1.4250 during trading on Friday, reaching $55.9250. 3,994,711 shares of the company's stock were exchanged, compared to its average volume of 2,961,235. 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 stock has a market capitalization of $141.81 billion, a PE ratio of 12.71 and a beta of 0.80. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21. The firm's fifty day moving average price is $51.23 and its 200-day moving average price is $49.66.

BHP Group Increases Dividend

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

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.