BHP Group Limited Sponsored ADR $BHP Shares Acquired by SouthState Corp

by · The Cerbat Gem

SouthState Corp increased its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 13.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,753 shares of the mining company’s stock after buying an additional 3,224 shares during the period. SouthState Corp’s holdings in BHP Group were worth $1,335,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BHP. Costello Asset Management INC purchased a new position in shares of BHP Group during the 1st quarter worth approximately $26,000. Hilltop National Bank purchased a new stake in BHP Group in the 2nd quarter valued at approximately $32,000. NewSquare Capital LLC grew its holdings in BHP Group by 249.8% during the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after buying an additional 622 shares during the last quarter. Raleigh Capital Management Inc. purchased a new position in BHP Group during the second quarter worth $58,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of BHP Group in the first quarter worth $73,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Trading Up 0.3%

NYSE BHP opened at $55.67 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $58.92. The company’s 50 day moving average price is $55.24 and its 200 day moving average price is $52.19.

BHP Group (NYSE:BHP – Get Free Report) last released its quarterly earnings data on Monday, August 18th. The mining company reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.09). The firm had revenue of $26.23 billion for the quarter, compared to the consensus estimate of $26.04 billion. As a group, equities research analysts forecast that BHP Group Limited Sponsored ADR will post 4.03 earnings per share for the current fiscal year.

BHP Group Increases Dividend

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

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on BHP Group

BHP Group Company Profile

(Free Report)

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.

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