BHP Group Limited Sponsored ADR $BHP Stock Position Lifted by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC raised its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 119.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,654 shares of the mining company’s stock after buying an additional 17,793 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in BHP Group were worth $2,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Main Street Research LLC acquired a new stake in BHP Group during the first quarter valued at $37,767,000. Ferguson Wellman Capital Management Inc. acquired a new position in BHP Group in the 1st quarter worth about $18,591,000. Tidal Investments LLC increased its position in BHP Group by 28.8% in the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company’s stock worth $17,035,000 after purchasing an additional 45,759 shares during the last quarter. Icon Advisers Inc. Co. raised its stake in shares of BHP Group by 47.5% during the 1st quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company’s stock worth $4,292,000 after purchasing an additional 19,000 shares in the last quarter. Finally, Himension Capital Singapore PTE. LTD. purchased a new stake in shares of BHP Group during the 1st quarter worth about $1,705,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 0.4%

BHP opened at $84.85 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $88.99 and a 200-day moving average of $84.45. BHP Group Limited Sponsored ADR has a 52-week low of $52.18 and a 52-week high of $98.71.

BHP Group Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were issued a $1.98 dividend. This represents a yield of 438.0%. The ex-dividend date was Friday, September 4th.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Thursday, September 10th. Bank of America cut their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $78.00.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.