Cerity Partners LLC boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 40.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,921 shares of the mining company's stock after acquiring an additional 29,258 shares during the quarter. Cerity Partners LLC's holdings in BHP Group were worth $4,899,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of BHP. WFA Asset Management Corp acquired a new position in BHP Group during the first quarter worth $26,000. Alpine Bank Wealth Management acquired a new position in BHP Group during the first quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new position in BHP Group during the first quarter worth $32,000. Allianz SE acquired a new position in BHP Group during the fourth quarter worth $51,000. Finally, Headlands Technologies LLC acquired a new position in BHP Group during the fourth quarter worth $53,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on BHP shares. Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Three equities research analysts have rated the stock with 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.00.
Read Our Latest Research Report on BHP
BHP Group Price Performance
Shares of NYSE:BHP traded up $0.52 during midday trading on Thursday, reaching $51.69. The company's stock had a trading volume of 2,915,863 shares, compared to its average volume of 2,713,267. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a market capitalization of $131.08 billion, a P/E ratio of 11.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The business's fifty day simple moving average is $49.41 and its 200-day simple moving average is $48.96.
About BHP Group
(
Free Report)
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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