Vicus Capital Reduces Position in BHP Group Limited Sponsored ADR $BHP

Vicus Capital lessened its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 4.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,625 shares of the mining company’s stock after selling 11,067 shares during the period. BHP Group comprises approximately 0.9% of Vicus Capital’s investment portfolio, making the stock its 22nd biggest position. Vicus Capital’s holdings in BHP Group were worth $10,946,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Sowell Financial Services LLC purchased a new stake in shares of BHP Group in the first quarter valued at approximately $280,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of BHP Group by 5.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company’s stock valued at $654,000 after purchasing an additional 764 shares during the period. Deutsche Bank AG boosted its holdings in shares of BHP Group by 160.0% in the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company’s stock valued at $95,000 after purchasing an additional 1,200 shares during the period. GAMMA Investing LLC boosted its holdings in shares of BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock valued at $141,000 after purchasing an additional 1,301 shares during the period. Finally, Ridgewood Investments LLC boosted its holdings in shares of BHP Group by 93.7% in the second quarter. Ridgewood Investments LLC now owns 17,062 shares of the mining company’s stock valued at $821,000 after purchasing an additional 8,252 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the subject of a number of research reports. Argus lowered BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Macquarie lowered BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. BMO Capital Markets downgraded 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 issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Stock Performance

Shares of BHP stock opened at $55.77 on Thursday. The business’s fifty day simple moving average is $53.90 and its 200-day simple moving average is $50.50. The company has a market cap of $141.54 billion, a PE ratio of 12.67, a PEG ratio of 3.94 and a beta of 0.80. 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 12-month low of $39.73 and a 12-month high of $63.21.

BHP Group Increases Dividend

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