BHP Group Limited Sponsored ADR (NYSE:BHP) Shares Acquired by Optimist Retirement Group LLC

Optimist Retirement Group LLC boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 212.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 45,359 shares of the mining company's stock after acquiring an additional 30,836 shares during the period. BHP Group comprises about 1.1% of Optimist Retirement Group LLC's holdings, making the stock its 28th biggest holding. Optimist Retirement Group LLC's holdings in BHP Group were worth $2,202,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in BHP Group during the first quarter worth $280,000. Allspring Global Investments Holdings LLC raised its position in shares of BHP Group by 5.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock valued at $654,000 after buying an additional 764 shares during the last quarter. Deutsche Bank AG raised its position in shares of BHP Group by 160.0% in the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock valued at $95,000 after buying an additional 1,200 shares during the last quarter. GAMMA Investing LLC raised its position in shares of BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock valued at $141,000 after buying an additional 1,301 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of BHP Group by 9.4% in the first quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock valued at $1,317,000 after buying an additional 2,333 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday. Finally, Argus cut shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.00.

BHP Group Trading Up 0.3%

BHP Group stock traded up $0.14 during midday trading on Friday, hitting $51.83. 3,275,140 shares of the stock were exchanged, compared to its average volume of 2,719,181. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock has a market capitalization of $131.43 billion, a price-to-earnings ratio of 11.78 and a beta of 0.80. The stock's 50-day simple moving average is $49.54 and its 200 day simple moving average is $49.00. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

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.