Avantax Advisory Services Inc. Increases Stock Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Avantax Advisory Services Inc. boosted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,784 shares of the mining company's stock after acquiring an additional 13,269 shares during the period. Avantax Advisory Services Inc.'s holdings in BHP Group were worth $6,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sterling Capital Management LLC raised its holdings in shares of BHP Group by 1.4% in the fourth quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock valued at $677,000 after buying an additional 195 shares during the last quarter. Invesco Ltd. raised its holdings in shares of BHP Group by 1.8% in the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after buying an additional 198 shares during the last quarter. NBT Bank N A NY raised its holdings in shares of BHP Group by 10.1% in the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock valued at $114,000 after buying an additional 216 shares during the last quarter. Wedmont Private Capital increased its stake in shares of BHP Group by 4.2% during the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after acquiring an additional 276 shares during the period. Finally, Gleason Group Inc. increased its stake in shares of BHP Group by 2.0% during the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after acquiring an additional 280 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Down 1.7%

Shares of BHP Group stock opened at $53.17 on Monday. 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 current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a market cap of $134.83 billion, a PE ratio of 12.08 and a beta of 0.80. The company has a 50-day moving average of $49.92 and a two-hundred day moving average of $49.20.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent analyst reports. Berenberg Bank reiterated a "sell" rating and set a $44.00 price target on shares of BHP Group in a research note on Thursday. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, BHP Group has a consensus rating of "Hold" and a consensus target price of $48.50.

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

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