Sumitomo Mitsui Trust Group Inc. Boosts Stock Position in BHP Group Limited Sponsored ADR $BHP

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,114 shares of the mining company’s stock after acquiring an additional 5,753 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in BHP Group were worth $4,622,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC purchased a new stake in shares of BHP Group during the first quarter worth $26,000. Hilltop National Bank purchased a new stake in shares of BHP Group during the second quarter worth $32,000. Raleigh Capital Management Inc. bought a new position in shares of BHP Group in the second quarter worth $58,000. Flaharty Asset Management LLC bought a new position in shares of BHP Group in the first quarter worth $73,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of BHP Group by 25.3% in the second quarter. Bruce G. Allen Investments LLC now owns 1,726 shares of the mining company’s stock worth $83,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

BHP opened at $57.91 on Thursday. 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 Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $58.92. The business’s fifty day simple moving average is $55.19 and its 200 day simple moving average is $51.82.

BHP Group (NYSE:BHP) last released its earnings results on Monday, August 18th. The mining company reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.09). The company had revenue of $26.23 billion during the quarter, compared to analyst estimates of $26.04 billion. On average, analysts predict that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current fiscal year.

BHP Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $1.185 dividend. This is a boost from BHP Group’s previous semi-annual dividend of $1.00. This represents a yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BHP shares. Macquarie cut shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Berenberg Bank reaffirmed a “sell” rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.