K.J. Harrison & Partners Inc Has $2.78 Million Position in BHP Group Limited Sponsored ADR $BHP

K.J. Harrison & Partners Inc grew its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 66.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,005 shares of the mining company’s stock after buying an additional 20,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in BHP Group were worth $2,775,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its stake in BHP Group by 1.9% in the second quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after acquiring an additional 429,330 shares during the period. Norges Bank bought a new position in shares of BHP Group during the 2nd quarter valued at about $20,262,000. Ameriprise Financial Inc. lifted its holdings in shares of BHP Group by 119.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 424,361 shares of the mining company’s stock valued at $20,408,000 after purchasing an additional 230,848 shares in the last quarter. Franklin Resources Inc. increased its stake in BHP Group by 48.2% during the 2nd quarter. Franklin Resources Inc. now owns 383,043 shares of the mining company’s stock worth $18,421,000 after purchasing an additional 124,625 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in BHP Group by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 778,244 shares of the mining company’s stock worth $37,426,000 after buying an additional 96,585 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $81.77 on Thursday. 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 twelve month low of $39.73 and a twelve month high of $82.34. The stock’s 50 day moving average price is $67.55 and its two-hundred day moving average price is $59.71.

BHP Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.