Quadrant Capital Group LLC Reduces Holdings in BHP Group Limited Sponsored ADR $BHP

Quadrant Capital Group LLC decreased its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHPFree Report) by 39.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,150 shares of the mining company’s stock after selling 43,058 shares during the quarter. Quadrant Capital Group LLC’s holdings in BHP Group were worth $3,744,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BHP. Caldwell Trust Co bought a new stake in BHP Group in the 2nd quarter valued at about $31,000. Salomon & Ludwin LLC boosted its position in BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after purchasing an additional 669 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after purchasing an additional 359 shares in the last quarter. Finally, True Wealth Design LLC raised its position in shares of BHP Group by 229.7% in the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock valued at $42,000 after purchasing an additional 526 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $53.33.

Check Out Our Latest Analysis on BHP

BHP Group News Roundup

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

BHP Group Stock Down 0.7%

BHP stock opened at $73.36 on Thursday. The firm has a 50 day moving average of $70.83 and a 200-day moving average of $61.31. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $83.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

BHP Group Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 6th will be paid a $1.46 dividend. The ex-dividend date is Friday, March 6th. This represents a yield of 399.0%.

BHP Group Company 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.

Further Reading

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

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