Bank of Montreal Can Increases Stake in BHP Group Limited (NYSE:BHP)

Bank of Montreal Can lifted its stake in BHP Group Limited (NYSE:BHP) by 532.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,353,268 shares of the mining company’s stock after buying an additional 1,981,008 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of BHP Group worth $134,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of BHP Group by 46.6% in the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after buying an additional 1,395,940 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of BHP Group by 2.9% during the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after acquiring an additional 551,575 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of BHP Group by 80.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock valued at $64,348,000 after acquiring an additional 420,550 shares during the last quarter. Cullen Capital Management LLC purchased a new position in shares of BHP Group in the fourth quarter valued at $19,294,000. Finally, Capital International Investors increased its position in BHP Group by 42.4% in the first quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock worth $43,685,000 after purchasing an additional 225,428 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $54.60 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a market capitalization of $138.30 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.41 and a beta of 0.96. The firm’s 50-day moving average is $54.08 and its 200 day moving average is $56.59.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a dividend of $1.465 per share. This is a boost from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is currently 59.07%.

Analysts Set New Price Targets

BHP has been the subject of a number of recent research reports. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Citigroup began coverage on BHP Group in a research report on Friday, May 31st. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

BHP Group Company 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.