BHP Group Limited Sponsored ADR $BHP Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,215 shares of the mining company’s stock after purchasing an additional 6,716 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BHP Group were worth $4,305,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Caldwell Trust Co purchased a new stake in BHP Group in the 2nd quarter valued at approximately $31,000. Salomon & Ludwin LLC increased 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 buying an additional 669 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of BHP Group by 249.8% in the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after acquiring an additional 622 shares during the last quarter. True Wealth Design LLC lifted 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 acquiring an additional 526 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of BHP Group during the second quarter valued at $44,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of BHP stock opened at $76.96 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.11. The company’s fifty day simple moving average is $66.30 and its 200-day simple moving average is $59.08. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $77.04.

BHP Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BHP. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, December 30th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.00.

BHP Group Profile

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.