Artemis Investment Management LLP Makes New $8.73 Million Investment in BHP Group Limited Sponsored ADR (NYSE:BHP)

Artemis Investment Management LLP bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 179,927 shares of the mining company's stock, valued at approximately $8,734,000.

Other large investors also recently added to or reduced their stakes in the company. Northern Trust Corp raised its position in shares of BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after purchasing an additional 846,963 shares during the period. Balyasny Asset Management L.P. raised its position in shares of BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after purchasing an additional 672,016 shares during the period. Raymond James Financial Inc. bought a new stake in shares of BHP Group in the fourth quarter valued at approximately $25,878,000. Norges Bank bought a new stake in shares of BHP Group in the fourth quarter valued at approximately $20,574,000. Finally, Fisher Asset Management LLC raised its position in shares of BHP Group by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after purchasing an additional 280,258 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Price Performance

NYSE:BHP traded up $0.33 during mid-day trading on Friday, hitting $48.67. 3,050,632 shares of the stock traded hands, compared to its average volume of 2,608,509. The business's 50-day moving average price is $48.88 and its 200 day moving average price is $48.93. The company has a market cap of $123.40 billion, a PE ratio of 11.06 and a beta of 0.82. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

Wall Street Analyst Weigh In

BHP has been the subject of several recent analyst reports. Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.00.

About BHP Group

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.