BHP Group Limited Sponsored ADR (NYSE:BHP) Stock Holdings Boosted by Citigroup Inc.

Citigroup Inc. boosted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 94.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 422,239 shares of the mining company's stock after purchasing an additional 205,591 shares during the period. Citigroup Inc.'s holdings in BHP Group were worth $20,495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BHP. Russell Investments Group Ltd. raised its stake in BHP Group by 31.1% during the fourth quarter. Russell Investments Group Ltd. now owns 11,552 shares of the mining company's stock valued at $564,000 after buying an additional 2,739 shares in the last quarter. Invesco Ltd. raised its stake in BHP Group by 1.8% during 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in BHP Group during the fourth quarter valued at approximately $25,878,000. Sterling Capital Management LLC raised its stake in BHP Group by 1.4% during 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 in the last quarter. Finally, Townsquare Capital LLC raised its position in shares of BHP Group by 60.9% during the 4th quarter. Townsquare Capital LLC now owns 5,876 shares of the mining company's stock worth $287,000 after purchasing an additional 2,223 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Performance

BHP traded up $0.30 during trading hours on Friday, hitting $54.12. The company's stock had a trading volume of 2,541,174 shares, compared to its average volume of 2,952,184. 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 current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $137.24 billion, a PE ratio of 12.30 and a beta of 0.80. The company has a 50-day simple moving average of $50.80 and a 200 day simple moving average of $49.50.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BHP shares. BMO Capital Markets cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Berenberg Bank reiterated a "sell" rating and set a $44.00 price target on shares of BHP Group in a research report on Thursday, July 24th. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. One equities 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, BHP Group currently has an average rating of "Hold" and an average price target 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.