Persium Advisors LLC Invests $662,000 in BHP Group Limited Sponsored ADR $BHP

Key Points

• Persium Advisors LLC made a new investment of approximately $662,000 in BHP Group Limited, acquiring 13,772 shares during the second quarter.
• BHP Group has announced an increase in its semi-annual dividend to $1.185 per share, up from the previous $1.00, with a yield of 441.0%.
• Institutional investors own approximately 3.79% of BHP Group's stock, with several notable firms like Goldman Sachs and Citigroup making significant adjustments to their holdings.

Persium Advisors LLC bought a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,772 shares of the mining company's stock, valued at approximately $662,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BHP. Geneos Wealth Management Inc. lifted its stake in BHP Group by 93.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,024 shares of the mining company's stock valued at $98,000 after acquiring an additional 979 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of BHP Group in the first quarter valued at about $73,000. Ascent Group LLC bought a new position in shares of BHP Group during the first quarter valued at about $231,000. Guardian Partners Inc. lifted its position in shares of BHP Group by 2.0% during the first quarter. Guardian Partners Inc. now owns 100,087 shares of the mining company's stock valued at $4,842,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company's stock worth $240,334,000 after purchasing an additional 1,490,012 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of NYSE:BHP traded down $0.67 during mid-day trading on Tuesday, reaching $54.13. The company had a trading volume of 3,042,956 shares, compared to its average volume of 2,718,637. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The company's 50-day moving average price is $53.46 and its 200-day moving average price is $50.15. The firm has a market cap of $137.38 billion, a price-to-earnings ratio of 12.30 and a beta of 0.81.

BHP Group Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on BHP shares. Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. 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. BMO Capital Markets cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Finally, Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note 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 issued a Sell rating to the stock. According to MarketBeat, BHP Group currently has an average rating of "Hold" and an average target price of $48.50.

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.