BHP Group Limited Sponsored ADR $BHP Stake Boosted by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 93.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,024 shares of the mining company’s stock after acquiring an additional 979 shares during the period. Geneos Wealth Management Inc.’s holdings in BHP Group were worth $98,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after purchasing an additional 1,490,012 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in BHP Group by 3,599.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock valued at $12,666,000 after purchasing an additional 253,881 shares in the last quarter. Citigroup Inc. grew its holdings in shares of BHP Group by 94.9% during the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after acquiring an additional 205,591 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of BHP Group during the 1st quarter valued at $8,734,000. Finally, Cohen Investment Advisors LLC grew its holdings in shares of BHP Group by 313.5% during the 1st quarter. Cohen Investment Advisors LLC now owns 206,531 shares of the mining company’s stock valued at $10,025,000 after acquiring an additional 156,583 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

BHP Group Price Performance

Shares of BHP stock opened at $53.19 on Thursday. The stock has a 50 day moving average of $53.53 and a two-hundred day moving average of $50.18. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21. The company has a market capitalization of $135.00 billion, a P/E ratio of 12.09 and a beta of 0.81.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be given a $1.185 dividend. This represents a yield of 441.0%. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend is Friday, September 5th. BHP Group’s dividend payout ratio (DPR) is 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.