BHP Group Limited Sponsored ADR $BHP Stake Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,510,291 shares of the mining company’s stock after buying an additional 169,171 shares during the period. Fisher Asset Management LLC’s holdings in BHP Group were worth $2,079,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in shares of BHP Group by 75.2% during the third quarter. Russell Investments Group Ltd. now owns 129,912 shares of the mining company’s stock worth $11,022,000 after purchasing an additional 55,760 shares during the last quarter. Fifth Third Bancorp increased its position in shares of BHP Group by 10.5% during the third quarter. Fifth Third Bancorp now owns 5,277 shares of the mining company’s stock worth $448,000 after purchasing an additional 502 shares in the last quarter. Spectrum Planning & Advisory Services Inc. purchased a new stake in shares of BHP Group in the 3rd quarter valued at about $205,000. Ritholtz Wealth Management lifted its holdings in shares of BHP Group by 0.7% in the 3rd quarter. Ritholtz Wealth Management now owns 56,550 shares of the mining company’s stock valued at $4,798,000 after purchasing an additional 369 shares during the last quarter. Finally, Jacobi Capital Management LLC acquired a new stake in shares of BHP Group in the 3rd quarter valued at about $54,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of NYSE:BHP opened at $80.53 on Friday. BHP Group Limited Sponsored ADR has a one year low of $52.18 and a one year high of $98.71. The company has a 50-day simple moving average of $84.07 and a 200-day simple moving average of $82.00. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on BHP shares. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, October 13th. Weiss Ratings upgraded BHP Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Wall Street Zen downgraded BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.00.

About BHP Group

BHP Group is a global resources company with roots in the Broken Hill Proprietary Company, founded in Australia in 1885. The company is headquartered in Melbourne and operates mines and related businesses across several regions. BHP’s main products include iron ore, copper and metallurgical coal, which are used in steelmaking, construction, manufacturing and other industries. It also has a potash project under development in Canada. The company’s operations and projects span Australia and the Americas, including activities in Chile, Peru and Brazil.