Farther Finance Advisors LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Farther Finance Advisors LLC boosted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 408.5% in the second quarter, Holdings Channel.com reports. The firm owned 9,448 shares of the mining company’s stock after acquiring an additional 7,590 shares during the quarter. Farther Finance Advisors LLC’s holdings in BHP Group were worth $454,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. NBT Bank N A NY grew its holdings in BHP Group by 10.1% in the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company’s stock valued at $114,000 after purchasing an additional 216 shares during the period. Wedmont Private Capital grew its holdings in BHP Group by 4.2% in the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company’s stock valued at $307,000 after purchasing an additional 276 shares during the period. Gleason Group Inc. lifted its position in BHP Group by 2.0% during the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company’s stock valued at $701,000 after buying an additional 280 shares in the last quarter. Essex Savings Bank lifted its position in BHP Group by 3.8% during the first quarter. Essex Savings Bank now owns 7,764 shares of the mining company’s stock valued at $377,000 after buying an additional 281 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its position in BHP Group by 2.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock valued at $477,000 after buying an additional 281 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Berenberg Bank reaffirmed a “sell” rating and set a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Stock Performance

BHP stock opened at $54.78 on Friday. The company has a market capitalization of $139.03 billion, a P/E ratio of 12.45 and a beta of 0.81. The company has a 50-day simple moving average of $53.81 and a 200 day simple moving average of $50.37. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid 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 yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. BHP Group’s payout ratio is currently 53.86%.

BHP Group 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.