American Century Companies Inc. Boosts Stock Holdings in BHP Group Limited (NYSE:BHP)

American Century Companies Inc. grew its position in BHP Group Limited (NYSE:BHP) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 549,394 shares of the mining company’s stock after acquiring an additional 31,442 shares during the quarter. American Century Companies Inc.’s holdings in BHP Group were worth $31,365,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Asset Dedication LLC lifted its holdings in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of BHP Group in the second quarter valued at about $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group in the second quarter worth about $27,000. Rise Advisors LLC acquired a new position in BHP Group during the first quarter worth about $29,000. Finally, WFA Asset Management Corp purchased a new stake in BHP Group during the 1st quarter valued at about $31,000. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BHP shares. Citigroup assumed coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

BHP Group Stock Performance

BHP stock opened at $53.46 on Wednesday. BHP Group Limited has a one year low of $50.90 and a one year high of $69.11. The firm’s 50 day moving average price is $54.43 and its 200-day moving average price is $56.70. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a $1.465 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44.

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.