International Assets Investment Management LLC Increases Stock Holdings in BHP Group Limited Sponsored ADR $BHP

International Assets Investment Management LLC lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,191 shares of the mining company’s stock after purchasing an additional 1,080 shares during the period. International Assets Investment Management LLC’s holdings in BHP Group were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP raised its stake in BHP Group by 1.2% in the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock valued at $270,808,000 after purchasing an additional 63,641 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in BHP Group in the second quarter valued at approximately $68,953,000. Royal Bank of Canada raised its stake in BHP Group by 2.8% in the first quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock valued at $55,781,000 after purchasing an additional 30,980 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in BHP Group by 6.1% in the first quarter. American Century Companies Inc. now owns 681,659 shares of the mining company’s stock valued at $33,088,000 after purchasing an additional 38,903 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Down 1.3%

Shares of NYSE BHP opened at $56.03 on Wednesday. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $58.51. 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 firm’s 50 day simple moving average is $54.90 and its two-hundred day simple moving average is $51.20. The stock has a market capitalization of $142.21 billion, a P/E ratio of 12.74, a PEG ratio of 4.11 and a beta of 0.80.

BHP Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a dividend of $1.185 per share. The ex-dividend date was Friday, September 5th. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. BHP Group’s dividend payout ratio (DPR) is 53.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BHP shares. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. 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. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Finally, Berenberg Bank reiterated a “sell” rating and set a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.