Legacy Wealth Asset Management LLC Increases Position in BHP Group Limited Sponsored ADR $BHP

Legacy Wealth Asset Management LLC boosted its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 119.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,654 shares of the mining company’s stock after acquiring an additional 17,793 shares during the period. Legacy Wealth Asset Management LLC’s holdings in BHP Group were worth $2,770,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Main Street Research LLC bought a new position in shares of BHP Group in the first quarter worth about $37,767,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of BHP Group during the 1st quarter worth about $18,591,000. Tidal Investments LLC boosted its stake in BHP Group by 28.8% during the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company’s stock valued at $17,035,000 after purchasing an additional 45,759 shares during the period. Icon Advisers Inc. Co. boosted its stake in BHP Group by 47.5% during the 1st quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company’s stock valued at $4,292,000 after purchasing an additional 19,000 shares during the period. Finally, Himension Capital Singapore PTE. LTD. acquired a new stake in BHP Group in the 1st quarter valued at approximately $1,705,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Thursday, September 10th. Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.00.

BHP Group Price Performance

Shares of BHP Group stock opened at $84.85 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $88.99 and its 200-day simple moving average is $84.45. BHP Group Limited Sponsored ADR has a twelve month low of $52.18 and a twelve month high of $98.71.

BHP Group Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th were paid a dividend of $1.98 per share. The ex-dividend date was Friday, September 4th. This represents a yield of 438.0%.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.