Charles Schwab Investment Management Inc. Boosts Holdings in BHP Group Limited Sponsored ADR $BHP

Charles Schwab Investment Management Inc. increased its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,602 shares of the mining company’s stock after purchasing an additional 37,447 shares during the period. Charles Schwab Investment Management Inc.’s holdings in BHP Group were worth $10,320,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $26,000. WFA Asset Management Corp purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $27,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of BHP Group during the 1st quarter worth approximately $32,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of BHP Group during the 4th quarter worth approximately $74,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHP has been the topic of several recent research reports. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. BMO Capital Markets cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Argus cut BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Finally, Berenberg Bank reissued a “sell” rating and set a $44.00 target price 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, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and a consensus price target of $48.50.

BHP Group Stock Performance

NYSE BHP opened at $55.9250 on Monday. The company has a market cap of $141.81 billion, a P/E ratio of 12.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The business’s 50 day moving average price is $51.23 and its 200-day moving average price is $49.66. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21.

BHP Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be given a $1.185 dividend. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend is Friday, September 5th. This represents a yield of 410.0%. BHP Group’s dividend payout ratio is currently 44.77%.

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.