Hsbc Holdings PLC Increases Holdings in BHP Group Limited (NYSE:BHP)

Hsbc Holdings PLC increased its stake in BHP Group Limited (NYSE:BHP) by 49.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 12,762 shares of the mining company’s stock after buying an additional 4,228 shares during the quarter. Hsbc Holdings PLC’s holdings in BHP Group were worth $729,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Asset Dedication LLC boosted its stake in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BHP Group in the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in BHP Group during the second quarter valued at $27,000. Rise Advisors LLC purchased a new stake in BHP Group in the first quarter worth $29,000. Finally, WFA Asset Management Corp bought a new stake in shares of BHP Group in the first quarter valued at $31,000. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

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

BHP Group Stock Performance

NYSE:BHP opened at $62.01 on Monday. The business’s fifty day moving average is $54.32 and its 200 day moving average is $56.67. The firm has a market cap of $157.07 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 52-week low of $50.90 and a 52-week high of $69.11.

BHP Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be issued a $1.465 dividend. This represents a dividend yield of 5.2%. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend is Friday, September 13th. BHP Group’s dividend payout ratio is presently 60.29%.

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.