BHP Group Limited Sponsored ADR $BHP Shares Sold by Sei Investments Co.

Key Points

• Sei Investments Co. reduced its stake in BHP Group by 13.5%, selling 8,016 shares during the first quarter, resulting in holdings of 51,210 shares valued at approximately $2.49 million.
• Several institutional investors, including Invesco and NBT Bank, increased their stakes in BHP Group, indicating ongoing interest in the stock.
• Research analysts have downgraded BHP Group's ratings, with the consensus now at "Hold" and an average price target of $48.50, reflecting caution about the stock's performance.

Sei Investments Co. trimmed its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,210 shares of the mining company's stock after selling 8,016 shares during the quarter. Sei Investments Co.'s holdings in BHP Group were worth $2,486,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp raised its holdings in BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after buying an additional 846,963 shares during the last quarter. Marshall Wace LLP boosted its position in shares of BHP Group by 16.9% in the fourth quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock valued at $34,669,000 after acquiring an additional 102,433 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after acquiring an additional 672,016 shares during the period. Raymond James Financial Inc. bought a new position in shares of BHP Group in the fourth quarter valued at approximately $25,878,000. Finally, Citigroup Inc. raised its position in BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company's stock valued at $20,495,000 after purchasing an additional 205,591 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BHP has been the topic of a number of analyst reports. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research report on Wednesday. Finally, Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $48.50.

BHP Group Stock Up 0.8%

NYSE:BHP traded up $0.4550 during midday trading on Thursday, reaching $54.0450. 1,362,723 shares of the stock traded hands, compared to its average volume of 2,979,409. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. The business has a 50-day moving average of $50.99 and a two-hundred day moving average of $49.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The stock has a market capitalization of $137.05 billion, a PE ratio of 12.28 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a dividend of $1.185 per share. This represents a dividend yield of 410.0%. 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. BHP Group's dividend payout ratio is 44.77%.

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.