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

Janney Montgomery Scott LLC decreased its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 11.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,026 shares of the mining company’s stock after selling 3,666 shares during the quarter. Janney Montgomery Scott LLC’s holdings in BHP Group were worth $1,348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BHP. GAMMA Investing LLC boosted its stake 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. Wealth Enhancement Advisory Services LLC lifted its stake in BHP Group by 0.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,080 shares of the mining company’s stock worth $3,547,000 after acquiring an additional 521 shares during the last quarter. Sowell Financial Services LLC purchased a new position in BHP Group in the first quarter worth approximately $280,000. Sagespring Wealth Partners LLC lifted its stake in BHP Group by 68.9% in the first quarter. Sagespring Wealth Partners LLC now owns 11,174 shares of the mining company’s stock worth $542,000 after acquiring an additional 4,557 shares during the last quarter. Finally, NBT Bank N A NY lifted its stake 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 worth $114,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

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

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 $1.185 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a yield of 441.0%. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. BHP Group’s dividend payout ratio is presently 53.86%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BHP. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Berenberg Bank reiterated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. 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, Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research note on Friday, July 18th. 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.