Vise Technologies Inc. Invests $1.13 Million in BHP Group Limited Sponsored ADR $BHP

Vise Technologies Inc. bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the second quarter, Holdings Channel.com reports. The fund bought 23,553 shares of the mining company’s stock, valued at approximately $1,133,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Allworth Financial LP grew its stake in BHP Group by 147.2% in the 2nd quarter. Allworth Financial LP now owns 4,166 shares of the mining company’s stock worth $200,000 after buying an additional 2,481 shares in the last quarter. AGF Management Ltd. purchased a new stake in BHP Group in the second quarter worth approximately $250,000. AE Wealth Management LLC grew its position in BHP Group by 4.1% in the second quarter. AE Wealth Management LLC now owns 8,910 shares of the mining company’s stock valued at $429,000 after acquiring an additional 351 shares during the period. Fox Run Management L.L.C. bought a new position in shares of BHP Group in the second quarter valued at about $437,000. Finally, Vestmark Advisory Solutions Inc. raised its holdings in BHP Group by 78.3% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 22,197 shares of the mining company’s stock worth $1,067,000 after purchasing an additional 9,751 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 0.5%

BHP stock traded up $0.27 during midday trading on Thursday, reaching $56.59. The stock had a trading volume of 170,098 shares, compared to its average volume of 3,036,923. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $58.92. The firm has a fifty day simple moving average of $55.23 and a two-hundred day simple moving average of $52.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

BHP Group (NYSE:BHP) last released its quarterly earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.09). The company had revenue of $26.23 billion for the quarter, compared to analysts’ expectations of $26.04 billion. On average, research analysts forecast that BHP Group Limited Sponsored ADR will post 4.03 earnings per share for the current year.

BHP Group Increases Dividend

The company also recently announced 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 a positive change from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Berenberg Bank reissued a “sell” rating and issued a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.