Point72 Italy S.r.l. Buys New Holdings in BHP Group Limited Sponsored ADR $BHP

Key Points

• Point72 Italy S.r.l. has acquired a new stake of 20,200 shares in BHP Group Limited, valued at approximately $981,000, making it the company's 23rd largest position.
• BHP Group recently announced an increase in its semi-annual dividend, raising it from $1.00 to $1.185 per share, with a dividend yield of 410.0%.
• Several analysts have downgraded BHP Group's ratings, with current ratings showing one Strong Buy, six Hold, and one Sell.

Point72 Italy S.r.l. bought a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,200 shares of the mining company's stock, valued at approximately $981,000. BHP Group comprises about 1.0% of Point72 Italy S.r.l.'s holdings, making the stock its 23rd largest position.

A number of other large investors have also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new position in BHP Group in the first quarter valued at approximately $26,000. Costello Asset Management INC acquired a new position in BHP Group in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new position in BHP Group in the first quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA acquired a new position in BHP Group in the first quarter valued at approximately $32,000. Finally, Vermillion Wealth Management Inc. acquired a new position in BHP Group in the fourth quarter valued at approximately $74,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on BHP shares. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Berenberg Bank reaffirmed a "sell" rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. Finally, Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. One research 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 company. According to data from MarketBeat, BHP Group currently has an average rating of "Hold" and an average price target of $48.50.

BHP Group Stock Down 0.5%

NYSE BHP opened at $55.86 on Friday. The business has a fifty day moving average price of $52.05 and a 200 day moving average price of $49.85. 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 debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a market cap of $141.64 billion, a P/E ratio of 12.69 and a beta of 0.80.

BHP Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders 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 of this dividend is Friday, September 5th. This represents a dividend yield of 410.0%. BHP Group's dividend payout ratio is 53.86%.

About BHP Group

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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