Citigroup Inc. Buys 205,591 Shares of BHP Group Limited Sponsored ADR $BHP

Citigroup Inc. lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 94.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 422,239 shares of the mining company's stock after acquiring an additional 205,591 shares during the period. Citigroup Inc.'s holdings in BHP Group were worth $20,495,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC increased its position 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 worth $677,000 after acquiring an additional 195 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of BHP Group by 1.8% during the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after purchasing an additional 198 shares during the period. NBT Bank N A NY boosted its holdings in shares of BHP Group by 10.1% during the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock worth $114,000 after purchasing an additional 216 shares during the period. Wedmont Private Capital boosted its holdings 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 purchasing an additional 276 shares during the period. Finally, Gleason Group Inc. boosted its holdings 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 purchasing an additional 280 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

BHP Group Stock Performance

BHP stock traded down $0.31 on Monday, reaching $53.85. 1,242,243 shares of the company were exchanged, compared to its average volume of 2,967,186. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21. The stock's fifty day moving average price is $50.80 and its 200 day moving average price is $49.50. The firm has a market capitalization of $136.54 billion, a PE ratio of 12.24 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.

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.