UMB Bank n.a. Sells 933 Shares of BHP Group Limited Sponsored ADR $BHP

UMB Bank n.a. trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 30.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,125 shares of the mining company’s stock after selling 933 shares during the period. UMB Bank n.a.’s holdings in BHP Group were worth $102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of BHP Group by 43.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after acquiring an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in BHP Group in the second quarter worth $68,953,000. Connor Clark & Lunn Investment Management Ltd. boosted 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 buying an additional 253,881 shares during the period. Citigroup Inc. grew its stake in shares of BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after buying an additional 205,591 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new position in shares of BHP Group during the first quarter valued at about $8,734,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 0.4%

Shares of NYSE BHP opened at $53.50 on Thursday. The firm has a fifty day simple moving average of $53.67 and a two-hundred day simple moving average of $50.28. 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 current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $135.77 billion, a PE ratio of 12.16 and a beta of 0.81.

BHP Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a $1.185 dividend. This represents a yield of 441.0%. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date is Friday, September 5th. BHP Group’s dividend payout ratio (DPR) is 53.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BHP. Argus lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. BMO Capital Markets downgraded BHP Group from an “outperform” rating to a “market perform” rating in a research report on Sunday, July 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie lowered shares of 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 price target 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.50.

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.