Ameritas Advisory Services LLC Sells 3,220 Shares of BHP Group Limited Sponsored ADR $BHP

Ameritas Advisory Services LLC decreased its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 67.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,539 shares of the mining company’s stock after selling 3,220 shares during the period. Ameritas Advisory Services LLC’s holdings in BHP Group were worth $74,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BHP. Sowell Financial Services LLC purchased a new stake in shares of BHP Group in the first quarter worth about $280,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BHP Group by 5.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company’s stock valued at $654,000 after purchasing an additional 764 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of BHP Group by 81.4% during the 1st quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company’s stock valued at $141,000 after purchasing an additional 1,301 shares during the last quarter. Ridgewood Investments LLC increased its position in shares of BHP Group by 93.7% in the 2nd quarter. Ridgewood Investments LLC now owns 17,062 shares of the mining company’s stock valued at $821,000 after acquiring an additional 8,252 shares during the period. Finally, Oppenheimer & Co. Inc. increased its position in shares of BHP Group by 9.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company’s stock valued at $1,317,000 after acquiring an additional 2,333 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Wednesday. Berenberg Bank reissued a “sell” rating and issued a $44.00 target price on shares of BHP Group in a research note on Thursday, July 24th. BMO Capital Markets lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, Macquarie downgraded shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BHP Group presently has an average rating of “Hold” and a consensus target price of $48.50.

BHP Group Stock Performance

Shares of BHP stock opened at $53.58 on Friday. 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 fifty day moving average price of $54.36 and a 200 day moving average price of $50.77. The company has a market cap of $135.99 billion, a P/E ratio of 12.18, a PEG ratio of 3.67 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $59.56.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given 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 of this dividend was Friday, September 5th. BHP Group’s dividend payout ratio is presently 53.86%.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.