Paradigm Asset Management Co. LLC Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Paradigm Asset Management Co. LLC bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 47,700 shares of the mining company’s stock, valued at approximately $1,345,000.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in BHP Group by 230.0% during the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after acquiring an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after purchasing an additional 2,331 shares in the last quarter. Assetmark Inc. grew its stake in BHP Group by 27.4% in the second quarter. Assetmark Inc. now owns 4,470 shares of the mining company’s stock worth $215,000 after purchasing an additional 962 shares during the period. Bank of Montreal Can raised its holdings in BHP Group by 1.7% in the second quarter. Bank of Montreal Can now owns 357,753 shares of the mining company’s stock worth $17,204,000 after purchasing an additional 6,053 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in BHP Group by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 133,082 shares of the mining company’s stock valued at $6,400,000 after buying an additional 653 shares during the period. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

BHP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.00.

BHP Group Stock Performance

NYSE:BHP opened at $75.57 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average price is $69.86 and its 200-day moving average price is $60.74. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $83.21.

BHP Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 6th will be issued a $1.46 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a dividend yield of 399.0%.

BHP Group Company Profile

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.