American Century Companies Inc. Grows Position in BHP Group Limited (NYSE:BHP)

American Century Companies Inc. increased its position in BHP Group Limited (NYSE:BHP) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 370,797 shares of the mining company’s stock after purchasing an additional 48,369 shares during the quarter. American Century Companies Inc.’s holdings in BHP Group were worth $23,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in shares of BHP Group by 21.4% in the 1st quarter. Global Retirement Partners LLC now owns 2,793 shares of the mining company’s stock valued at $163,000 after purchasing an additional 492 shares during the period. HBK Sorce Advisory LLC raised its stake in BHP Group by 100.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 14,232 shares of the mining company’s stock valued at $883,000 after buying an additional 7,124 shares during the last quarter. OLD National Bancorp IN raised its stake in BHP Group by 8.1% during the first quarter. OLD National Bancorp IN now owns 11,616 shares of the mining company’s stock valued at $737,000 after buying an additional 874 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in BHP Group during the fourth quarter valued at $366,000. Finally, HB Wealth Management LLC purchased a new position in BHP Group during the first quarter valued at $226,000.

BHP Group Stock Performance

Shares of BHP opened at $57.76 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.31. BHP Group Limited has a one year low of $46.92 and a one year high of $71.52. The business has a fifty day moving average of $59.33 and a 200 day moving average of $60.11.

BHP Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 28th. Investors of record on Friday, September 8th will be issued a $1.60 dividend. This represents a dividend yield of 5.9%. The ex-dividend date is Thursday, September 7th.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BHP. Liberum Capital upgraded BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. JPMorgan Chase & Co. raised BHP Group from a “neutral” rating to an “overweight” rating in a report on Thursday, July 13th. Berenberg Bank lowered BHP Group from a “buy” rating to a “hold” rating in a report on Friday, July 7th. The Goldman Sachs Group raised BHP Group from a “neutral” rating to a “buy” rating in a report on Wednesday, May 3rd. Finally, StockNews.com assumed coverage on BHP Group in a report on Thursday, August 17th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2,565.00.

BHP Group 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.