Centaurus Financial Inc. Decreases Stock Position in BHP Group Limited (NYSE:BHP)

Centaurus Financial Inc. lessened its stake in BHP Group Limited (NYSE:BHP) by 43.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,401 shares of the mining company’s stock after selling 1,812 shares during the quarter. Centaurus Financial Inc.’s holdings in BHP Group were worth $137,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in BHP Group by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after purchasing an additional 551,575 shares during the last quarter. Wellington Management Group LLP lifted its stake in BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after purchasing an additional 1,395,940 shares during the last quarter. Bank of Montreal Can lifted its stake in BHP Group by 532.2% during the second 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 during the last quarter. Westwood Global Investments LLC increased its position in BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after buying an additional 51,263 shares during the period. 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 buying an additional 225,428 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

NYSE:BHP opened at $60.81 on Tuesday. The business’s 50-day moving average price is $54.98 and its 200 day moving average price is $56.86. The firm has a market cap of $154.01 billion, a P/E ratio of 12.51, a PEG ratio of 3.52 and a beta of 0.96. BHP Group Limited has a 52-week low of $50.90 and a 52-week high of $69.11. 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 business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 13th were given a $1.465 dividend. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 5.2%. BHP Group’s dividend payout ratio (DPR) is 60.29%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BHP. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $72.00 to $68.00 in a report on Friday. Three research 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. Based on data from MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

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.