ICONIQ Capital LLC Raises Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• ICONIQ Capital LLC significantly increased its holdings in BHP Group by 132.5%, now owning 18,211 shares valued at $884,000.
• Multiple hedge funds have also adjusted their positions in BHP Group, with varying increases in ownership percentages during the 1st quarter.
• BHP Group announced a boost in its semi-annual dividend to $1.185, up from $1.00, signaling a strong yield of 410.0% for shareholders.

ICONIQ Capital LLC raised its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 132.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,211 shares of the mining company's stock after acquiring an additional 10,377 shares during the period. ICONIQ Capital LLC's holdings in BHP Group were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Invesco Ltd. raised its holdings in shares of BHP Group by 1.8% during the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after acquiring an additional 198 shares in the last quarter. NBT Bank N A NY raised its holdings in shares of BHP Group by 10.1% during the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock worth $114,000 after acquiring an additional 216 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of BHP Group by 4.2% during the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after acquiring an additional 276 shares in the last quarter. Gleason Group Inc. raised its holdings in shares of BHP Group by 2.0% during the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after acquiring an additional 280 shares in the last quarter. Finally, Essex Savings Bank raised its holdings in shares of BHP Group by 3.8% during the 1st quarter. Essex Savings Bank now owns 7,764 shares of the mining company's stock worth $377,000 after acquiring an additional 281 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on BHP shares. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. BMO Capital Markets lowered BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Argus lowered 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 target on shares of BHP Group in a report on Thursday, July 24th. Finally, Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $48.50.

BHP Group Stock Performance

NYSE:BHP opened at $55.9250 on Friday. The stock's fifty day moving average is $51.23 and its 200 day 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 debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.46. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be given a $1.185 dividend. This is a boost from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date of this dividend is Friday, September 5th. This represents a yield of 410.0%. BHP Group's dividend payout ratio is currently 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.

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