Vanguard Personalized Indexing Management LLC Increases Holdings in BHP Group Limited Sponsored ADR $BHP

Vanguard Personalized Indexing Management LLC boosted its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,591 shares of the mining company’s stock after purchasing an additional 6,318 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in BHP Group were worth $4,406,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BHP. Sowell Financial Services LLC purchased a new stake in shares of BHP Group in the 1st quarter worth about $280,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BHP Group by 5.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company’s stock valued at $654,000 after purchasing an additional 764 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock valued at $141,000 after purchasing an additional 1,301 shares in the last quarter. Abel Hall LLC purchased a new stake in BHP Group in the 2nd quarter valued at approximately $349,000. Finally, QRG Capital Management Inc. lifted its stake in BHP Group by 20.4% in the 2nd quarter. QRG Capital Management Inc. now owns 189,927 shares of the mining company’s stock valued at $9,134,000 after buying an additional 32,141 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent research reports. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Berenberg Bank reiterated a “sell” rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

BHP Group Trading Up 1.2%

NYSE BHP opened at $56.39 on Wednesday. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $58.82. The company’s 50 day moving average price is $54.55 and its 200 day moving average price is $50.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The firm has a market capitalization of $143.13 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 3.82 and a beta of 0.80.

BHP Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a dividend of $1.185 per share. This is a positive change 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 yield of 441.0%. BHP Group’s payout ratio is presently 53.86%.

BHP Group Company 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.