XY Capital Ltd Makes New $3.45 Million Investment in BHP Group Limited Sponsored ADR $BHP

XY Capital Ltd bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 41,449 shares of the mining company’s stock, valued at approximately $3,453,000. BHP Group accounts for 3.3% of XY Capital Ltd’s portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in BHP Group by 230.0% during the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after acquiring an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BHP Group by 20.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after acquiring an additional 2,331 shares during the period. Invesco Ltd. lifted its stake in BHP Group by 99.6% in the 2nd quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after purchasing an additional 6,241 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in BHP Group by 173.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock worth $182,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in BHP Group by 13.0% in the 2nd quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after purchasing an additional 1,917 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

BHP opened at $90.50 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $87.18 and a 200-day moving average price of $82.39. BHP Group Limited Sponsored ADR has a 12-month low of $51.83 and a 12-month high of $98.71.

BHP Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, September 23rd. Investors of record on Friday, September 4th will be given a $1.98 dividend. The ex-dividend date is Friday, September 4th. This represents a yield of 438.0%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Finally, Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $78.00.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.