BHP Group Limited Sponsored ADR (NYSE:BHP) Holdings Lowered by National Bank of Canada FI

National Bank of Canada FI reduced its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 146,367 shares of the mining company's stock after selling 18,442 shares during the quarter. National Bank of Canada FI's holdings in BHP Group were worth $7,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BHP. Citigroup Inc. grew its position in BHP Group by 94.9% during the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company's stock valued at $20,495,000 after purchasing an additional 205,591 shares during the last quarter. LaSalle St. Investment Advisors LLC lifted its stake in BHP Group by 47.0% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 6,882 shares of the mining company's stock worth $334,000 after purchasing an additional 2,200 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in BHP Group by 21.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 212,602 shares of the mining company's stock worth $10,320,000 after buying an additional 37,447 shares during the period. Intrust Bank NA lifted its position in shares of BHP Group by 21.7% during the first quarter. Intrust Bank NA now owns 8,533 shares of the mining company's stock worth $414,000 after purchasing an additional 1,520 shares during the last quarter. Finally, Costello Asset Management INC bought a new stake in shares of BHP Group in the first quarter valued at about $26,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BHP. Berenberg Bank restated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Finally, BMO Capital Markets cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, BHP Group has a consensus rating of "Hold" and a consensus target price of $48.50.

BHP Group Stock Up 0.6%

NYSE BHP traded up $0.30 on Friday, reaching $54.12. The company had a trading volume of 2,541,174 shares, compared to its average volume of 2,952,184. The firm has a 50-day moving average of $50.80 and a 200-day moving average of $49.50. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21. 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 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.