One Wealth Advisors LLC Makes New $394,000 Investment in BHP Group Limited Sponsored ADR (NYSE:BHP)

Key Points

• One Wealth Advisors LLC made a new investment in BHP Group Limited, acquiring 8,122 shares valued at approximately $394,000.
• BHP Group stock has recently seen a decrease, with a 1.7% drop to a trading price of $53.17.
• Several analysts have downgraded BHP Group's stock ratings, resulting in a current consensus rating of "Hold" and a price target of $48.50.

One Wealth Advisors LLC purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,122 shares of the mining company's stock, valued at approximately $394,000.

A number of other large investors also recently modified their holdings of BHP. Northern Trust Corp lifted its holdings in shares of BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after buying an additional 846,963 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BHP Group in the fourth quarter valued at $25,878,000. Norges Bank acquired a new position in shares of BHP Group in the fourth quarter valued at $20,574,000. Finally, Artemis Investment Management LLP acquired a new position in shares of BHP Group in the first quarter valued at $8,734,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

BHP Group Price Performance

Shares of NYSE:BHP traded down $0.95 during trading on Monday, reaching $52.21. 1,603,516 shares of the company traded hands, compared to its average volume of 2,990,759. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The firm has a market capitalization of $132.38 billion, a PE ratio of 11.86 and a beta of 0.80. The company's 50 day moving average is $49.92 and its two-hundred day moving average is $49.20.

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.