Callan Family Office LLC Buys 42,492 Shares of BHP Group Limited Sponsored ADR $BHP

Callan Family Office LLC boosted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 86.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,553 shares of the mining company’s stock after purchasing an additional 42,492 shares during the quarter. Callan Family Office LLC’s holdings in BHP Group were worth $4,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BHP. Goldman Sachs Group Inc. increased its holdings in BHP Group by 43.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after purchasing an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in BHP Group in the second quarter valued at about $68,953,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of BHP Group by 3,599.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock worth $12,666,000 after acquiring an additional 253,881 shares in the last quarter. Citigroup Inc. increased its holdings in shares of BHP Group by 94.9% in the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock worth $20,495,000 after acquiring an additional 205,591 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of BHP Group in the first quarter worth about $8,734,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Down 4.4%

BHP stock opened at $53.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The stock has a market capitalization of $135.99 billion, a P/E ratio of 12.18, a P/E/G ratio of 3.84 and a beta of 0.80. The business has a 50-day moving average of $54.36 and a 200-day moving average of $50.77. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $59.56.

BHP Group Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on BHP shares. Berenberg Bank restated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie downgraded BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.50.

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.