BHP Group Limited Sponsored ADR $BHP Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 20.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 189,927 shares of the mining company’s stock after acquiring an additional 32,141 shares during the period. QRG Capital Management Inc.’s holdings in BHP Group were worth $9,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BHP. NBT Bank N A NY boosted its stake in shares of BHP Group by 10.1% during the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company’s stock worth $114,000 after purchasing an additional 216 shares during the last quarter. Wedmont Private Capital boosted its stake in shares of BHP Group by 4.2% during the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company’s stock worth $307,000 after purchasing an additional 276 shares during the last quarter. Gleason Group Inc. boosted its stake in shares of BHP Group by 2.0% during the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company’s stock worth $701,000 after purchasing an additional 280 shares during the last quarter. Essex Savings Bank boosted its stake in shares of BHP Group by 3.8% during the 1st quarter. Essex Savings Bank now owns 7,764 shares of the mining company’s stock worth $377,000 after purchasing an additional 281 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its stake in shares of BHP Group by 2.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock worth $477,000 after purchasing an additional 281 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP opened at $55.43 on Friday. The company’s 50 day simple moving average is $53.97 and its 200 day simple moving average is $50.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $61.03. The stock has a market capitalization of $140.68 billion, a PE ratio of 12.60, a P/E/G ratio of 3.92 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a $1.185 dividend. The ex-dividend date was Friday, September 5th. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. BHP Group’s payout ratio is 53.86%.

Analyst Ratings Changes

BHP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Saturday, September 27th. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Argus cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

About BHP Group

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.