Legacy Wealth Asset Management LLC Has $1.85 Million Stock Position in BHP Group Limited (NYSE:BHP)

Legacy Wealth Asset Management LLC boosted its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 20.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,081 shares of the mining company's stock after buying an additional 6,535 shares during the period. Legacy Wealth Asset Management LLC's holdings in BHP Group were worth $1,848,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after purchasing an additional 280,258 shares during the last quarter. 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 in the last quarter. Marshall Wace LLP grew its position in BHP Group by 16.9% during the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock worth $34,669,000 after acquiring an additional 102,433 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in BHP Group by 1,898.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Finally, American Century Companies Inc. raised its position in BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock valued at $31,386,000 after purchasing an additional 57,097 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 1.7%

BHP Group stock traded down $0.85 during trading hours on Tuesday, reaching $48.58. 2,987,400 shares of the company's stock were exchanged, compared to its average volume of 2,546,724. The firm's 50 day simple moving average is $47.70 and its 200 day simple moving average is $49.43. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $123.19 billion, a PE ratio of 11.04 and a beta of 0.86.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Clarkson Capital raised BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Finally, Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $53.00.

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.