Truist Financial Corp Decreases Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Truist Financial Corp trimmed its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,831 shares of the mining company’s stock after selling 4,212 shares during the quarter. Truist Financial Corp’s holdings in BHP Group were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BHP. Goldman Sachs Group Inc. lifted its position in shares of 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 buying an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of BHP Group during the second quarter valued at about $68,953,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 last quarter. Citigroup Inc. lifted its position 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 purchased a new stake in shares of BHP Group during the first quarter valued at about $8,734,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

BHP Group Price Performance

Shares of NYSE BHP opened at $53.58 on Friday. The stock has a market capitalization of $135.99 billion, a price-to-earnings 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. The firm’s 50 day simple moving average is $54.36 and its 200-day simple moving average is $50.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a dividend of $1.185 per share. This is a positive change from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date was Friday, September 5th. This represents a dividend yield of 441.0%. BHP Group’s payout ratio 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.