R Squared Ltd Lowers Stock Holdings in BHP Group Limited Sponsored ADR $BHP

R Squared Ltd trimmed its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 43.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,957 shares of the mining company’s stock after selling 8,383 shares during the period. R Squared Ltd’s holdings in BHP Group were worth $661,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BHP. SIH Partners LLLP lifted its holdings in shares of BHP Group by 937.5% during the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after purchasing an additional 1,677,739 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of BHP Group by 25.2% during 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 purchasing an additional 697,316 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of BHP Group during the third quarter valued at approximately $27,234,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of BHP Group by 1,769.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after purchasing an additional 439,304 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of BHP Group by 1.3% during the third 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. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of NYSE BHP opened at $79.87 on Tuesday. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $83.21. The company has a 50 day moving average of $74.97 and a 200 day moving average of $65.79. 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 business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were given a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

Wall Street Analysts Forecast Growth

BHP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, April 13th. Argus set a $95.00 price objective on shares of BHP Group in a report on Monday. Finally, Sanford C. Bernstein decreased their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.33.

About BHP Group

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.