QRG Capital Management Inc. Purchases 9,061 Shares of BHP Group Limited Sponsored ADR $BHP

QRG Capital Management Inc. increased its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 7.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 134,333 shares of the mining company’s stock after acquiring an additional 9,061 shares during the quarter. QRG Capital Management Inc.’s holdings in BHP Group were worth $8,110,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its position in BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of BHP Group in the fourth quarter valued at approximately $39,000. Ameriflex Group Inc. lifted its stake in shares of BHP Group by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after buying an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of BHP Group during the 3rd quarter valued at approximately $43,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BHP shares. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Sanford C. Bernstein dropped their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, BHP Group has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $79.24 on Wednesday. The company has a 50 day moving average of $75.23 and a 200 day moving average of $66.43. 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 12 month low of $45.74 and a 12 month high of $83.21.

BHP Group Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 6th were issued a $1.46 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a dividend yield of 399.0%.

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.