BHP Group Limited Sponsored ADR $BHP Stake Boosted by Quantbot Technologies LP

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 shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 566.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,960 shares of the mining company's stock after purchasing an additional 55,218 shares during the quarter. Quantbot Technologies LP's holdings in BHP Group were worth $3,153,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BHP shares. Berenberg Bank reissued a "sell" rating and issued a $44.00 target price on shares of BHP Group in a report on Thursday, July 24th. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Wednesday. Finally, Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of "Hold" and an average price target of $48.50.

BHP Group Trading Up 2.6%

Shares of NYSE BHP traded up $1.4250 on Friday, reaching $55.9250. 3,994,711 shares of the company traded hands, compared to its average volume of 2,920,826. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a 50 day moving average of $51.23 and a 200 day moving average of $49.67. The company has a current ratio of 1.46, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $141.81 billion, a PE ratio of 12.71 and a beta of 0.80.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a $1.185 dividend. The ex-dividend date is Friday, September 5th. This represents a yield of 410.0%. This is a boost from BHP Group's previous semi-annual dividend of $1.00. BHP Group's dividend payout ratio (DPR) is currently 44.77%.

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.