BHP Group Limited Sponsored ADR $BHP Shares Sold by Geneva Partners LLC

Geneva Partners LLC trimmed its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 47.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 43,203 shares of the mining company’s stock after selling 39,077 shares during the period. Geneva Partners LLC’s holdings in BHP Group were worth $3,665,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Main Street Research LLC purchased a new position in shares of BHP Group during the 1st quarter valued at about $37,767,000. Ferguson Wellman Capital Management Inc. purchased a new position in BHP Group during the first quarter valued at approximately $18,591,000. Royal Bank of Canada lifted its holdings in BHP Group by 17.9% in the first quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company’s stock valued at $90,153,000 after acquiring an additional 188,446 shares during the period. Quantinno Capital Management LP lifted its holdings in BHP Group by 21.5% in the first quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company’s stock valued at $35,905,000 after acquiring an additional 87,378 shares during the period. Finally, SteelPeak Wealth LLC acquired a new position in BHP Group in the third quarter valued at approximately $5,608,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Price Performance

Shares of BHP stock opened at $79.07 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The stock has a 50 day simple moving average of $87.73 and a 200-day simple moving average of $80.90. BHP Group Limited Sponsored ADR has a 1-year low of $52.18 and a 1-year high of $98.71.

BHP Group Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were paid a $1.98 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a yield of 438.0%.

Analysts Set New Price Targets

A number of research firms have weighed in on BHP. Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, October 13th. Wall Street Zen cut BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average target price of $78.00.

BHP Group Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP’s principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.