Janney Montgomery Scott LLC Lowers Stock Position in BHP Group Limited Sponsored ADR $BHP

Janney Montgomery Scott LLC cut its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 11.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,026 shares of the mining company’s stock after selling 3,666 shares during the period. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $1,348,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alpine Bank Wealth Management lifted its holdings in BHP Group by 616.8% during the second quarter. Alpine Bank Wealth Management now owns 4,000 shares of the mining company’s stock valued at $192,000 after purchasing an additional 3,442 shares in the last quarter. Addenda Capital Inc. raised its position in shares of BHP Group by 27.9% in the second quarter. Addenda Capital Inc. now owns 143,324 shares of the mining company’s stock valued at $6,892,000 after buying an additional 31,283 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of BHP Group by 41.6% in the second quarter. Uncommon Cents Investing LLC now owns 6,600 shares of the mining company’s stock valued at $317,000 after buying an additional 1,940 shares during the last quarter. Sage Rhino Capital LLC raised its position in shares of BHP Group by 7.5% in the second quarter. Sage Rhino Capital LLC now owns 11,005 shares of the mining company’s stock valued at $529,000 after buying an additional 772 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in shares of BHP Group by 32.6% in the second quarter. Kathmere Capital Management LLC now owns 7,581 shares of the mining company’s stock valued at $365,000 after buying an additional 1,863 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Finally, Berenberg Bank restated a “sell” rating and set a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. One investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Price Performance

Shares of BHP opened at $53.58 on Monday. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $59.56. The stock has a market cap of $135.99 billion, a PE ratio of 12.18, a P/E/G ratio of 3.67 and a beta of 0.80. The firm has a 50-day simple moving average of $54.36 and a two-hundred day simple moving average of $50.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a dividend of $1.185 per share. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. The ex-dividend date was Friday, September 5th. BHP Group’s dividend payout ratio (DPR) is 53.86%.

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.