Cordatus Wealth Management LLC Takes $513,000 Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

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 bought a new position 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 fund bought 10,560 shares of the mining company's stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors have also modified their holdings of BHP. Northern Trust Corp increased its holdings in shares of BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares during the period. Marshall Wace LLP increased its stake in BHP Group by 16.9% during the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after acquiring an additional 102,433 shares during the period. Balyasny Asset Management L.P. raised its holdings in BHP Group by 1,898.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after acquiring an additional 672,016 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BHP Group during the 4th quarter valued at $25,878,000. Finally, Norges Bank acquired a new stake in shares of BHP Group during the 4th quarter worth $20,574,000. Institutional investors own 3.79% of the company's stock.

Wall Street Analysts Forecast Growth

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

BHP Group Trading Up 1.5%

Shares of BHP Group stock traded up $0.79 on Monday, hitting $51.52. The stock had a trading volume of 1,656,390 shares, compared to its average volume of 3,008,419. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month 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 firm has a market capitalization of $130.63 billion, a P/E ratio of 11.71 and a beta of 0.80. The stock has a 50 day moving average of $50.09 and a 200 day moving average of $49.27.

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.