US Bancorp DE Has $10.67 Million Stake in BHP Group Limited Sponsored ADR $BHP

Key Points

• US Bancorp DE cut its stake in BHP Group by 24.0% in Q4, selling 55,866 shares and finishing the period with 176,695 shares valued at $10.67 million.
• BHP paid a $1.46 per share dividend on March 26 (ex-dividend and record date March 6), a payment the article reports as representing a 399.0% yield.
• Analysts' consensus is a Hold on BHP with a $62.33 target price, notably below the recent share price of about $79.05.

US Bancorp DE decreased its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,695 shares of the mining company's stock after selling 55,866 shares during the quarter. US Bancorp DE's holdings in BHP Group were worth $10,667,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of BHP Group by 24.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company's stock worth $6,356,000 after purchasing an additional 22,388 shares during the period. Paradigm Asset Management Co. LLC bought a new stake in shares of BHP Group during the 3rd quarter worth $1,345,000. Fisher Asset Management LLC raised its stake in shares of BHP Group by 1.3% during the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company's stock worth $1,290,593,000 after purchasing an additional 307,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BHP Group by 1,769.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company's stock worth $25,875,000 after purchasing an additional 439,304 shares during the period. Finally, Abbington Investment Group raised its stake in shares of BHP Group by 45.6% during the 4th quarter. Abbington Investment Group now owns 69,288 shares of the mining company's stock worth $4,183,000 after purchasing an additional 21,700 shares during the period. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Trading Down 0.3%

BHP stock opened at $79.05 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $83.21. The stock has a 50-day simple moving average of $75.18 and a two-hundred day simple moving average of $66.20.

BHP Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were issued a dividend of $1.46 per share. This represents a yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BHP shares. Citigroup restated a "neutral" rating on shares of BHP Group in a research note on Monday, April 13th. Berenberg Bank upgraded BHP Group from a "sell" rating to a "hold" rating in a research note on Thursday, April 2nd. Weiss Ratings restated a "hold (c)" rating on shares of BHP Group in a research note on Monday, April 20th. Zacks Research cut BHP Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BHP Group in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, BHP Group currently has an average rating of "Hold" and a consensus target price of $62.33.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.