BHP Group Limited Sponsored ADR $BHP Stock Holdings Increased by Ethic Inc.

Ethic Inc. raised its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 60.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,973 shares of the mining company’s stock after acquiring an additional 10,184 shares during the quarter. Ethic Inc.’s holdings in BHP Group were worth $2,288,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. NFSG Corp increased its stake in shares of BHP Group by 182.9% during the 3rd quarter. NFSG Corp now owns 396 shares of the mining company’s stock worth $34,000 after purchasing an additional 256 shares during the last quarter. West Financial Advisors LLC bought a new position in shares of BHP Group during the 3rd quarter valued at $44,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of BHP Group in the 1st quarter valued at $54,000. Geneos Wealth Management Inc. lifted its stake in shares of BHP Group by 293.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 815 shares of the mining company’s stock valued at $59,000 after purchasing an additional 608 shares during the last quarter. Finally, BOCHK Asset Management Ltd lifted its stake in shares of BHP Group by 27.3% in the 3rd quarter. BOCHK Asset Management Ltd now owns 700 shares of the mining company’s stock valued at $59,000 after purchasing an additional 150 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

BHP Group Stock Up 1.0%

BHP opened at $81.97 on Thursday. The business has a 50 day moving average price of $84.33 and a 200 day moving average price of $81.94. BHP Group Limited Sponsored ADR has a twelve month low of $52.18 and a twelve month high of $98.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88.

BHP Group Announces Dividend

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

BHP Group Company Profile

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.