Invesco Ltd. Sells 4,885 Shares of BHP Group Limited Sponsored ADR $BHP

Key Points

• Invesco Ltd. has decreased its stake in BHP Group by 43.8%, selling 4,885 shares and holding 6,265 shares worth $304,000 by the end of the quarter.
• BHP Group recently increased its semi-annual dividend to $1.185 per share, up from $1.00, with a dividend yield of 441.0%.
• Analysts have mixed ratings for BHP Group, with a consensus rating of "Hold" and a price target of $48.50, reflecting recent downgrades from several firms.

Invesco Ltd. reduced its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 43.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,265 shares of the mining company's stock after selling 4,885 shares during the period. Invesco Ltd.'s holdings in BHP Group were worth $304,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. WFA Asset Management Corp bought a new stake in shares of BHP Group in the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in BHP Group during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in BHP Group during the 1st quarter worth approximately $27,000. Compagnie Lombard Odier SCmA bought a new position in shares of BHP Group in the 1st quarter worth $32,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of BHP Group in the 4th quarter worth $74,000. Institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on BHP. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Berenberg Bank reissued a "sell" rating and set a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. Finally, Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of "Hold" and a consensus price target of $48.50.

BHP Group Stock Performance

Shares of NYSE BHP opened at $54.42 on Monday. The firm has a market capitalization of $138.13 billion, a price-to-earnings ratio of 12.37 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 firm has a 50 day moving average of $52.84 and a 200 day moving average of $49.97. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, September 5th. This is an increase from BHP Group's previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. BHP Group's dividend payout ratio (DPR) is currently 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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