Abbington Investment Group Purchases 21,700 Shares of BHP Group Limited Sponsored ADR $BHP

Abbington Investment Group grew its position in BHP Group Limited Sponsored ADR (NYSE:BHPFree Report) by 45.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,288 shares of the mining company’s stock after buying an additional 21,700 shares during the period. BHP Group accounts for approximately 2.9% of Abbington Investment Group’s investment portfolio, making the stock its 13th largest holding. Abbington Investment Group’s holdings in BHP Group were worth $4,183,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of BHP Group by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock valued at $1,290,593,000 after purchasing an additional 307,397 shares during the last quarter. Bank of America Corp DE lifted its stake in BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after buying an additional 697,316 shares during the period. Northern Trust Corp lifted its stake in BHP Group by 5.3% in the third quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock valued at $136,228,000 after buying an additional 123,382 shares during the period. SIH Partners LLLP lifted its stake in BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after buying an additional 1,677,739 shares during the period. Finally, American Century Companies Inc. lifted its stake in BHP Group by 18.3% in the third quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock valued at $51,307,000 after buying an additional 142,060 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 1.4%

BHP opened at $79.19 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 12 month low of $45.32 and a 12 month high of $83.21. The firm’s fifty day simple moving average is $73.64 and its 200 day simple moving average is $64.28.

BHP Group Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were given a dividend of $1.46 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a yield of 399.0%.

BHP Group News Roundup

Here are the key news stories impacting BHP Group this week:

Analyst Ratings Changes

BHP has been the subject of several analyst reports. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, December 30th. Sanford C. Bernstein reduced their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 9th. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average price target of $53.33.

View Our Latest Stock Report on BHP Group

BHP Group Profile

(Free Report)

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

See Also

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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