Ameriprise Financial Inc. boosted its holdings in shares of BHP Billiton Limited (NYSE:BHP) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,808 shares of the mining company’s stock after purchasing an additional 9,116 shares during the quarter. Ameriprise Financial Inc.’s holdings in BHP Billiton Limited were worth $7,827,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Independence Advisors LLC purchased a new stake in BHP Billiton Limited during the 2nd quarter worth approximately $246,000. Huntington National Bank increased its holdings in BHP Billiton Limited by 25.3% during the 2nd quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock worth $101,000 after purchasing an additional 572 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in BHP Billiton Limited by 122.8% during the 1st quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock worth $114,000 after purchasing an additional 1,727 shares during the last quarter. Fifth Third Bancorp increased its holdings in BHP Billiton Limited by 14.6% during the 1st quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock worth $121,000 after purchasing an additional 426 shares during the last quarter. Finally, V Wealth Management LLC purchased a new stake in BHP Billiton Limited during the 2nd quarter worth approximately $133,000. Institutional investors own 2.98% of the company’s stock.
BHP Billiton Limited (BHP) opened at 42.65 on Tuesday. The firm has a market cap of $113.53 billion, a price-to-earnings ratio of 19.32 and a beta of 1.09. The stock has a 50 day moving average price of $42.15 and a 200 day moving average price of $38.45. BHP Billiton Limited has a 12 month low of $33.37 and a 12 month high of $44.62.
The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 26th. Investors of record on Friday, September 8th were given a $0.86 dividend. This represents a yield of 4.04%. The ex-dividend date of this dividend was Thursday, September 7th. This is a boost from BHP Billiton Limited’s previous Semi-Annual dividend of $0.32.
Several research firms have issued reports on BHP. Zacks Investment Research upgraded BHP Billiton Limited from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded BHP Billiton Limited from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Argus dropped their price objective on BHP Billiton Limited from $46.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, June 27th. Cowen and Company set a $43.00 price objective on BHP Billiton Limited and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, HSBC Holdings plc downgraded BHP Billiton Limited from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. BHP Billiton Limited presently has an average rating of “Hold” and an average price target of $34.61.
BHP Billiton Limited Company Profile
BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Billiton Limited (NYSE:BHP).
Receive News & Ratings for BHP Billiton Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton Limited and related companies with MarketBeat.com's FREE daily email newsletter.