Ritholtz Wealth Management Has $1.68 Million Holdings in BHP Group Limited Sponsored ADR (NYSE:BHP)

Ritholtz Wealth Management cut its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 49.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,527 shares of the mining company's stock after selling 33,803 shares during the period. Ritholtz Wealth Management's holdings in BHP Group were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp bought a new position in shares of BHP Group in the first quarter worth about $26,000. Sierra Ocean LLC bought a new stake in shares of BHP Group during the fourth quarter worth approximately $29,000. Compagnie Lombard Odier SCmA bought a new stake in shares of BHP Group during the first quarter worth approximately $32,000. Union Bancaire Privee UBP SA bought a new stake in shares of BHP Group during the fourth quarter worth approximately $46,000. Finally, Allianz SE bought a new stake in shares of BHP Group during the fourth quarter worth approximately $51,000. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 0.3%

NYSE:BHP traded down $0.16 during trading hours on Wednesday, hitting $47.63. The stock had a trading volume of 2,205,783 shares, compared to its average volume of 2,559,500. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. 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 $120.77 billion, a price-to-earnings ratio of 10.82 and a beta of 0.82. The business's 50 day moving average is $48.59 and its 200-day moving average is $49.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Clarkson Capital raised shares of BHP Group to a "strong-buy" rating in a research note on Friday, February 28th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.00.

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.