Vise Technologies Inc. Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Key Points

• Vise Technologies acquired 73,128 BHP Group shares worth approximately $6.2 million in the third quarter. Institutional investors and hedge funds collectively own 3.79% of BHP.
• Analyst sentiment is mostly neutral: one analyst rates BHP a Strong Buy, two rate it Buy, and seven rate it Hold. MarketBeat reports a consensus rating of Hold with a $78.00 price target.
• BHP shares opened at $79.98, within a 52-week range of $52.18 to $98.71. The company recently paid a $1.98-per-share dividend, although the article’s stated 438.0% yield appears anomalous.

Vise Technologies Inc. purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 73,128 shares of the mining company's stock, valued at approximately $6,204,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Cordatus Wealth Management LLC lifted its stake in shares of BHP Group by 1.2% during the third quarter. Cordatus Wealth Management LLC now owns 10,222 shares of the mining company's stock worth $867,000 after purchasing an additional 121 shares in the last quarter. Retirement Planning Co of New England Inc. grew its stake in shares of BHP Group by 2.6% in the third quarter. Retirement Planning Co of New England Inc. now owns 5,073 shares of the mining company's stock valued at $430,000 after buying an additional 130 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of BHP Group by 7.1% in the third quarter. Nisa Investment Advisors LLC now owns 2,028 shares of the mining company's stock valued at $172,000 after buying an additional 134 shares in the last quarter. Aprio Wealth Management LLC raised its holdings in shares of BHP Group by 1.5% during the 3rd quarter. Aprio Wealth Management LLC now owns 9,521 shares of the mining company's stock valued at $808,000 after buying an additional 141 shares during the period. Finally, Affinity Capital Advisors LLC lifted its position in BHP Group by 4.1% during the 2nd quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company's stock worth $320,000 after acquiring an additional 152 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research cut BHP Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th. Wall Street Zen cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Citigroup reissued a "neutral" rating on shares of BHP Group in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $78.00.

BHP Group Price Performance

Shares of BHP opened at $79.98 on Tuesday. The business's 50 day moving average is $86.48 and its two-hundred day moving average is $81.42. BHP Group Limited Sponsored ADR has a 52-week low of $52.18 and a 52-week high of $98.71. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43.

BHP Group Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th were given a dividend of $1.98 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a dividend yield of 438.0%.

About BHP Group

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP's principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.

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