10,560 Shares in BHP Group Limited Sponsored ADR (NYSE:BHP) Bought by Cordatus Wealth Management LLC

Key Points

• Cordatus Wealth Management LLC purchased 10,560 shares of BHP Group Limited, valued at approximately $513,000, during the 1st quarter.
• Wall Street analysts have a mixed outlook on BHP, with one firm issuing a "sell" rating and a price target of $44, while the overall consensus rating is "Hold" with a target price of $48.50.
• BHP's stock is currently trading around $50.69, with a market capitalization of $128.54 billion and a 12-month price range between $39.73 and $63.21.

Cordatus Wealth Management LLC acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,560 shares of the mining company's stock, valued at approximately $513,000.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of BHP Group by 58.5% in the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after buying an additional 846,963 shares during the period. Balyasny Asset Management L.P. lifted its holdings in BHP Group by 1,898.9% during the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after buying an additional 672,016 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of BHP Group in the 4th quarter valued at $25,878,000. Norges Bank purchased a new position in shares of BHP Group in the 4th quarter valued at $20,574,000. Finally, Artemis Investment Management LLP purchased a new position in BHP Group during the 1st quarter worth $8,734,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Berenberg Bank reiterated a "sell" rating and set a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Finally, Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.50.

BHP Group Price Performance

Shares of NYSE:BHP traded up $0.05 during trading hours on Friday, hitting $50.72. 2,596,503 shares of the company's stock traded hands, compared to its average volume of 3,495,211. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company's fifty day simple moving average is $50.09 and its two-hundred day simple moving average is $49.27. The company has a market cap of $128.61 billion, a price-to-earnings ratio of 11.53 and a beta of 0.80.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.