Quantbot Technologies LP Has $3.15 Million Stock Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Quantbot Technologies LP significantly increased its stake in BHP Group Limited by 566.8% during the 1st quarter, owning 64,960 shares worth approximately $3.15 million by the end of the quarter.
• Recent analyst reports have downgraded BHP Group's ratings, with BMO Capital Markets and Macquarie both lowering their assessments to "market perform" and "neutral," respectively, while a consensus target price of $48.50 has been established.
• BHP Group's stock, which currently trades around $53.81, has shown a market capitalization of $136.46 billion and a P/E ratio of 12.23.

Quantbot Technologies LP grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 566.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,960 shares of the mining company's stock after acquiring an additional 55,218 shares during the quarter. Quantbot Technologies LP's holdings in BHP Group were worth $3,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. 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 shares of BHP Group in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new stake in shares of BHP Group in the first quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA bought a new stake in shares of BHP Group in the first quarter valued at approximately $32,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of BHP Group in the fourth quarter valued at approximately $74,000. 3.79% of the stock is owned by institutional investors.

BHP Group Price Performance

Shares of BHP Group stock traded down $0.0530 during trading on Monday, reaching $55.8970. The company's stock had a trading volume of 735,072 shares, compared to its average volume of 2,981,680. The stock has a 50-day moving average price of $51.23 and a two-hundred day moving average price of $49.66. 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 Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The stock has a market capitalization of $141.74 billion, a P/E ratio of 12.70 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a $1.185 dividend. This is a positive change from BHP Group's previous semi-annual dividend of $1.00. This represents a dividend yield of 410.0%. The ex-dividend date of this dividend is Friday, September 5th. BHP Group's dividend payout ratio (DPR) is presently 53.86%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BHP shares. Berenberg Bank reissued a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. BMO Capital Markets downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Finally, Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $48.50.

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.