BHP Group Limited Sponsored ADR $BHP Stake Raised by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc raised its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.4% in the second quarter, Holdings Channel.com reports. The fund owned 5,340 shares of the mining company’s stock after acquiring an additional 632 shares during the period. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BHP. Costello Asset Management INC bought a new stake in BHP Group during the first quarter worth approximately $26,000. WFA Asset Management Corp bought a new stake in shares of BHP Group during the 1st quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in shares of BHP Group during the 1st quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group in the 1st quarter worth $32,000. Finally, Hilltop National Bank acquired a new stake in shares of BHP Group during the second quarter worth $32,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 0.9%

NYSE BHP opened at $55.96 on Tuesday. The firm’s fifty day simple moving average is $54.04 and its 200-day simple moving average is $50.62. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $61.03. The company has a market capitalization of $142.03 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80.

BHP Group Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BHP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research report on Saturday, September 27th. Argus cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Finally, Berenberg Bank reissued a “sell” rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $48.50.

BHP Group Company Profile

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.