Creative Planning Raises Stake in BHP Group Limited (NYSE:BHP)

Creative Planning increased its stake in shares of BHP Group Limited (NYSE:BHP) by 18.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 152,943 shares of the mining company’s stock after purchasing an additional 23,965 shares during the period. Creative Planning’s holdings in BHP Group were worth $8,732,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BHP. Bank of Montreal Can lifted its holdings in BHP Group by 532.2% during the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after purchasing an additional 1,981,008 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after acquiring 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% in the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock valued at $1,356,940,000 after acquiring an additional 551,575 shares in the last quarter. Cullen Capital Management LLC purchased a new stake in shares of BHP Group in the 4th quarter valued at about $19,294,000. Finally, Capital International Investors raised its holdings in shares of BHP Group by 42.4% in the 1st quarter. Capital International Investors now owns 757,231 shares of the mining company’s stock valued at $43,685,000 after acquiring an additional 225,428 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP Group stock opened at $62.43 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $158.13 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.96. The business’s 50-day moving average price is $54.75 and its 200-day moving average price is $56.80. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11.

BHP Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be given a dividend of $1.465 per share. The ex-dividend date is Friday, September 13th. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio is 60.29%.

Analysts Set New Price Targets

Several analysts have weighed in on BHP shares. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

BHP Group 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.