Paradigm Asset Management Co. LLC Makes New Investment in BHP Group Limited Sponsored ADR (NYSE:BHP)

Paradigm Asset Management Co. LLC acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 51,800 shares of the mining company's stock, valued at approximately $1,233,000.

A number of other large investors have also made changes to their positions in the stock. Sterling Capital Management LLC raised its holdings 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 purchasing an additional 195 shares during the period. Invesco Ltd. raised its position in shares of BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after buying an additional 198 shares in the last quarter. NBT Bank N A NY raised its position in shares of BHP Group by 10.1% in the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock valued at $114,000 after buying an additional 216 shares in the last quarter. Wedmont Private Capital grew its holdings in BHP Group by 4.2% during the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after acquiring an additional 276 shares during the last quarter. Finally, Gleason Group Inc. boosted its stake in shares of BHP Group by 2.0% in the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock valued at $701,000 after purchasing an additional 280 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Price Performance

NYSE BHP traded down $1.13 during mid-day trading on Thursday, hitting $54.19. The stock had a trading volume of 1,792,095 shares, compared to its average volume of 2,989,976. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The firm's 50 day moving average is $49.79 and its 200 day moving average is $49.12. The stock has a market capitalization of $137.40 billion, a price-to-earnings ratio of 12.30 and a beta of 0.80. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21.

Analyst Ratings Changes

Several brokerages recently issued reports on BHP. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Macquarie downgraded shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Berenberg Bank reiterated a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $48.50.

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.