Viewpoint Investment Partners Corp Has $1.09 Million Stock Position in BHP Group Limited Sponsored ADR $BHP

Key Points

• Viewpoint Investment Partners Corp increased its holdings in BHP Group Limited Sponsored ADR by 224.7% during the second quarter, bringing its total stake to approximately $1.09 million.
• Several large institutional investors, including Goldman Sachs Group Inc. and Wellington Management Group, have recently increased their positions in BHP Group, indicating growing confidence in the stock.
• BHP Group recently announced a semi-annual dividend increase from $1.00 to $1.185, reflecting a strong dividend yield of 441.0% and a payout ratio of 53.86%.

Viewpoint Investment Partners Corp boosted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 224.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,715 shares of the mining company's stock after buying an additional 15,720 shares during the period. BHP Group makes up about 0.6% of Viewpoint Investment Partners Corp's holdings, making the stock its 26th biggest position. Viewpoint Investment Partners Corp's holdings in BHP Group were worth $1,092,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in BHP Group by 1.2% during the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company's stock valued at $270,808,000 after buying an additional 63,641 shares during the period. Goldman Sachs Group Inc. raised its position in BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company's stock valued at $240,334,000 after buying an additional 1,490,012 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in BHP Group during the second quarter valued at $68,953,000. Royal Bank of Canada raised its position in BHP Group by 2.8% during the first quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company's stock valued at $55,781,000 after buying an additional 30,980 shares during the period. Finally, American Century Companies Inc. increased its position in BHP Group by 6.1% in the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company's stock worth $33,088,000 after purchasing an additional 38,903 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BHP. Berenberg Bank reaffirmed a "sell" rating and issued a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. BMO Capital Markets downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Citigroup reissued a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $48.50.

BHP Group Trading Up 0.0%

BHP stock opened at $55.77 on Thursday. The business has a fifty day moving average price of $53.90 and a 200 day moving average price of $50.50. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock has a market capitalization of $141.54 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 3.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. This is an increase from BHP Group's previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 441.0%. BHP Group's payout ratio is 53.86%.

BHP Group 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.

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