Choreo LLC grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 16.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,319 shares of the mining company's stock after acquiring an additional 4,755 shares during the quarter. Choreo LLC's holdings in BHP Group were worth $1,666,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in BHP. Northern Trust Corp boosted its holdings in shares of BHP Group by 58.5% during the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after acquiring an additional 846,963 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings 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 worth $34,543,000 after buying an additional 672,016 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of BHP Group in the fourth quarter worth approximately $25,878,000. Norges Bank purchased a new position in shares of BHP Group in the fourth quarter worth approximately $20,574,000. Finally, Artemis Investment Management LLP purchased a new position in shares of BHP Group in the first quarter worth approximately $8,734,000. Hedge funds and other institutional investors own 3.79% of the company's stock.
BHP Group Price Performance
BHP traded down $0.95 during trading hours on Monday, hitting $52.20. The company's stock had a trading volume of 1,292,085 shares, compared to its average volume of 2,987,007. The business's 50-day moving average price is $49.92 and its 200-day moving average price is $49.20. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21. The stock has a market cap of $132.37 billion, a price-to-earnings ratio of 11.86 and a beta of 0.80. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on BHP. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Berenberg Bank reissued a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a report on Thursday. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday. Finally, Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of "Hold" and a consensus target price of $48.50.
View Our Latest Analysis on BHP Group
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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