National Bank of Canada FI Trims Stake in BHP Group Limited Sponsored ADR $BHP

National Bank of Canada FI reduced its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 11.2% during the first quarter, according to its most recent Form 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 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BHP. Sterling Capital Management LLC increased its position in 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 buying an additional 195 shares during the last quarter. Invesco Ltd. increased its position in BHP Group by 1.8% in the fourth quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock worth $544,000 after buying an additional 198 shares during the last quarter. NBT Bank N A NY increased its position in BHP Group by 10.1% in the first quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock worth $114,000 after buying an additional 216 shares during the last quarter. Wedmont Private Capital increased its position in BHP Group by 4.2% in the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after buying an additional 276 shares during the last quarter. Finally, Gleason Group Inc. increased its position in BHP Group by 2.0% in the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock worth $701,000 after buying an additional 280 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

BHP Group stock traded down $0.31 during midday trading on Monday, hitting $53.85. 1,242,243 shares of the company's stock were exchanged, compared to its average volume of 2,967,186. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The stock has a 50-day moving average price of $50.80 and a two-hundred day moving average price of $49.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The company has a market cap of $136.54 billion, a P/E ratio of 12.24 and a beta of 0.80.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BHP shares. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Sanford C. Bernstein downgraded 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 target price on shares of BHP Group in a research report on Thursday, July 24th. Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, BMO Capital Markets cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to 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.