Centiva Capital LP Buys Shares of 21,970 BHP Group Limited Sponsored ADR $BHP

Centiva Capital LP purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 21,970 shares of the mining company’s stock, valued at approximately $1,225,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BHP. Bank of America Corp DE boosted its position in BHP Group by 25.2% during the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after acquiring an additional 697,316 shares during the last quarter. Creative Planning grew its stake in BHP Group by 58.1% in the 3rd quarter. Creative Planning now owns 288,771 shares of the mining company’s stock worth $16,099,000 after acquiring an additional 106,169 shares during the period. Financial Sense Advisors Inc. raised its holdings in BHP Group by 199.0% in the 3rd quarter. Financial Sense Advisors Inc. now owns 15,776 shares of the mining company’s stock valued at $880,000 after acquiring an additional 10,500 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of BHP Group by 5.9% during the 3rd quarter. Horizon Investments LLC now owns 12,190 shares of the mining company’s stock worth $680,000 after purchasing an additional 674 shares during the period. Finally, Scotia Capital Inc. lifted its stake in shares of BHP Group by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 74,039 shares of the mining company’s stock worth $4,128,000 after purchasing an additional 2,099 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Down 2.8%

Shares of BHP opened at $68.77 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $71.18 and its 200 day simple moving average is $61.51. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $83.21.

BHP Group Announces Dividend

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

Analysts Set New Price Targets

BHP has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Sanford C. Bernstein reduced their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research note on Wednesday, February 18th. Finally, Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Trending Headlines about BHP Group

Here are the key news stories impacting BHP Group this week:

• Positive Sentiment: China has eased a ban on BHP iron ore shipments for one week after Chinese steel mills rushed to buy, which can relieve near-term pressure on BHP’s seaborne iron-ore sales and spot pricing. China Eases Ban on BHP Iron Ore After Steel Mills Rush to Buy
• Neutral Sentiment: A BHP subsidiary participated in a ~CA$100m private placement in Faraday Copper, signaling continued strategic exposure to copper (electrification/energy transition metal) but with limited immediate balance-sheet or earnings impact for BHP. Faraday Copper (TSX:FDY) Valuation After CA$100m Private Placement With BHP And Lundin Participation
• Neutral Sentiment: Metal Logic bought Pilbara land near rail corridors used by BHP and peers for low-carbon steel ambitions — a local development that may alter regional demand dynamics over time but has no immediate material effect on BHP’s operations. Metal Logic Purchases Pilbara Site to Deploy Grade-Agnostic, Scalable Modular Clean Steel Smelter
• Negative Sentiment: The China easing appears temporary (one-week window per reports), highlighting persistent policy and regulatory risk in China that can quickly reverse demand flows and pressure BHP’s iron-ore revenue and sentiment. China eases BHP iron ore ban for one week, sources say

About BHP Group

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.