Tower Research Capital LLC TRC Has $269,000 Stake in BHP Group Ltd (NYSE:BHP)

Tower Research Capital LLC TRC boosted its holdings in shares of BHP Group Ltd (NYSE:BHP) by 24,294.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,635 shares of the mining company’s stock after buying an additional 4,616 shares during the quarter. Tower Research Capital LLC TRC’s holdings in BHP Group were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BHP. Cornerstone Advisors Inc. boosted its holdings in BHP Group by 61.3% during the first quarter. Cornerstone Advisors Inc. now owns 1,552 shares of the mining company’s stock valued at $85,000 after acquiring an additional 590 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in BHP Group by 14.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,277 shares of the mining company’s stock valued at $452,000 after acquiring an additional 1,028 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BHP Group by 1,857.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,200 shares of the mining company’s stock valued at $4,494,000 after acquiring an additional 78,000 shares during the period. Checchi Capital Advisers LLC boosted its holdings in BHP Group by 16.3% during the first quarter. Checchi Capital Advisers LLC now owns 10,363 shares of the mining company’s stock valued at $567,000 after acquiring an additional 1,452 shares during the period. Finally, Wetherby Asset Management Inc. boosted its holdings in BHP Group by 3.0% during the first quarter. Wetherby Asset Management Inc. now owns 36,525 shares of the mining company’s stock valued at $1,997,000 after acquiring an additional 1,076 shares during the period. 3.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE BHP traded down $0.36 during mid-day trading on Friday, hitting $50.99. The company had a trading volume of 1,396,307 shares, compared to its average volume of 1,852,992. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.89 and a quick ratio of 1.58. The business’s 50-day simple moving average is $49.69 and its 200-day simple moving average is $53.35. BHP Group Ltd has a 12 month low of $43.65 and a 12 month high of $59.02. The firm has a market cap of $82.21 billion, a P/E ratio of 13.93, a PEG ratio of 3.05 and a beta of 0.88.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be paid a $1.56 dividend. The ex-dividend date is Thursday, September 5th. BHP Group’s payout ratio is presently 85.25%.

BHP has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Deutsche Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. ValuEngine cut shares of BHP Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BNP Paribas cut shares of BHP Group from a “neutral” rating to an “underperform” rating in a report on Thursday, September 5th. Finally, Exane BNP Paribas cut shares of BHP Group from a “neutral” rating to an “underperform” rating in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $62.00.

BHP Group Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

Featured Story: What is a support level?

Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Ltd (NYSE:BHP).

Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.