BHP Group Limited Sponsored ADR $BHP Stock Bought by Fisher Asset Management LLC

Fisher Asset Management LLC grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,510,291 shares of the mining company’s stock after acquiring an additional 169,171 shares during the period. Fisher Asset Management LLC owned about 0.96% of BHP Group worth $2,079,453,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. SteelPeak Wealth LLC purchased a new stake in BHP Group during the 3rd quarter worth about $5,608,000. Legacy Wealth Asset Management LLC raised its position in BHP Group by 119.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 32,654 shares of the mining company’s stock valued at $2,770,000 after purchasing an additional 17,793 shares in the last quarter. Tidal Investments LLC raised its position in BHP Group by 28.8% in the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company’s stock valued at $17,035,000 after purchasing an additional 45,759 shares in the last quarter. Icon Advisers Inc. Co. boosted its stake in shares of BHP Group by 47.5% in the 1st quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company’s stock valued at $4,292,000 after buying an additional 19,000 shares during the period. Finally, Himension Capital Singapore PTE. LTD. purchased a new position in shares of BHP Group in the 1st quarter valued at about $1,705,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Down 1.9%

BHP Group stock opened at $80.53 on Friday. BHP Group Limited Sponsored ADR has a 1-year low of $52.18 and a 1-year 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. The stock’s fifty day moving average is $84.07 and its two-hundred day moving average is $82.00.

BHP Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

BHP Group 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.