Atria Investments Inc Has $594,000 Holdings in BHP Group Limited Sponsored ADR $BHP

Atria Investments Inc lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 12,346 shares of the mining company’s stock after selling 1,993 shares during the period. Atria Investments Inc’s holdings in BHP Group were worth $594,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after acquiring an additional 1,490,012 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in BHP Group during the 2nd quarter valued at about $68,953,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in BHP Group by 3,599.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock valued at $12,666,000 after buying an additional 253,881 shares in the last quarter. Townsend & Associates Inc grew its stake in BHP Group by 66.6% during the second quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after buying an additional 240,075 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of BHP Group by 94.9% during the first quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock worth $20,495,000 after buying an additional 205,591 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Finally, Berenberg Bank reiterated a “sell” rating and set a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.50.

BHP Group Trading Down 0.9%

Shares of NYSE BHP opened at $55.13 on Monday. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $58.92. The firm’s 50-day moving average is $55.22 and its 200-day moving average is $52.30. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group (NYSE:BHP) last posted its quarterly earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.09). The company had revenue of $26.23 billion for the quarter, compared to analyst estimates of $26.04 billion. Equities analysts expect that BHP Group Limited Sponsored ADR will post 4.03 EPS for the current year.

BHP Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 441.0%.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.