Amundi Has $4.29 Million Stock Position in BHP Group Limited Sponsored ADR $BHP

Amundi grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,258 shares of the mining company’s stock after purchasing an additional 7,420 shares during the period. Amundi’s holdings in BHP Group were worth $4,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. WFA Asset Management Corp bought a new stake in shares of BHP Group during the first quarter worth about $26,000. Costello Asset Management INC bought a new stake in shares of BHP Group during the first quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in shares of BHP Group during the first quarter worth about $27,000. Compagnie Lombard Odier SCmA bought a new stake in shares of BHP Group during the first quarter worth about $32,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of BHP Group during the fourth quarter worth about $74,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BHP shares. Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a research report on Friday, July 18th. Argus downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Finally, BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.50.

BHP Group Stock Up 0.2%

BHP Group stock opened at $53.26 on Thursday. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21. The firm has a 50 day moving average price of $53.11 and a 200-day moving average price of $50.03. The company has a market capitalization of $135.17 billion, a P/E ratio of 12.10 and a beta of 0.81. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group Increases Dividend

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

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.