Vestmark Advisory Solutions Inc. Reduces Holdings in BHP Group Limited Sponsored ADR $BHP

Vestmark Advisory Solutions Inc. reduced its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 83.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,696 shares of the mining company’s stock after selling 18,501 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in BHP Group were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Avantax Advisory Services Inc. grew its holdings in shares of BHP Group by 12.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 143,182 shares of the mining company’s stock worth $6,886,000 after acquiring an additional 15,398 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in BHP Group by 24.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company’s stock worth $6,356,000 after purchasing an additional 22,388 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in BHP Group by 5.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 301,443 shares of the mining company’s stock worth $14,496,000 after purchasing an additional 15,326 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of BHP Group by 1.9% in the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after purchasing an additional 429,330 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of BHP Group by 14.2% in the second quarter. American Century Companies Inc. now owns 778,244 shares of the mining company’s stock worth $37,426,000 after purchasing an additional 96,585 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Performance

NYSE:BHP opened at $81.54 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 business’s 50-day simple moving average is $68.43 and its 200-day simple moving average is $60.10. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $82.34.

BHP Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.00.

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.